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.
1492 terms
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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Structure stop
Technical analysisA stop placed just beyond the swing low or level the setup relies on.
In plain terms
The most logical placement, and the most crowded — everyone can see the same level.
Trendline
Technical analysisA straight line connecting successive swing lows in an uptrend or swing highs in a downtrend.
In plain terms
Two points make a line; three touches make it evidence. Steep ones break constantly.
Stop clustering
Technical analysisThe tendency for stop-loss orders to accumulate at the same obvious levels.
In plain terms
Below swing lows, at round numbers, under moving averages — every book recommends the same place, so everyone uses it.