Swing Trading the Speculator Way 124

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Swing pivots ± Trend identification methodology Revision: 1

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  ccc"#$ c%&ccc' (#)c c There are two ways swing reversal can happen: c 1)c Taking out the prior swing pivot 2)c Trade above the 34 ema, come down and test the 34 ema and rejection with a green candle above 34 ema, for upside reversals. For downside reversals, we need to trade below the 34 ema, go back up and test the 34 ema and rejection with a red candle below the 34 ema. * Whenever the price moves above 34 and comes back to 34 for rejection the green candle must close above the previous candle's high. Reverse for shorts.
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