Change of character
Technical analysisThe point at which a trend’s structure breaks — a lower high followed by a break of the prior low.
In plain terms
The earliest objective signal that a trend has ended. Usually well before any indicator says so.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Swing low
Technical analysisA trough in the price series with higher lows on either side of it.
In plain terms
The session a pullback breaks the previous swing low is the change of character, whatever the story still sounds like.