Swing Trade Setup

What is Swing Trading?

Swing trading is a strategy focused on capturing price movements over a few days to weeks.
Traders look for short- to medium-term trends or reversals using technical and fundamental analysis.

RSI (Relative Strength Index): Look for oversold (<30) or overbought (>70) levels to identify reversals.
Moving Averages: Use 50-day and 200-day MAs to confirm trends and crossovers.
MACD: Watch for bullish or bearish crossovers near support or resistance.
Volume: High volume confirms breakout strength.
Bollinger Bands: Price bouncing off bands can signal reversals in ranging markets.
Fibonacci Retracement: Use to identify pullback levels (38.2%, 50%, 61.8%).

Identify Trends: Use higher timeframes (Daily or Weekly) to determine the overall trend.
Mark Key Levels: Highlight support and resistance zones on the chart.
Find Entry Points: Look for pullbacks to support or Fibonacci levels for buying opportunities.
Set Targets: Identify profit targets based on resistance or previous highs.
Set Stop-Loss: Place stop-loss just below support or recent swing lows.
Use Multi-Timeframe Analysis: Refine entries using lower timeframes like 4H or 1H charts.

Criteria	Example
Trend	Uptrend on Daily Timeframe
Entry	Price pulling back to 50-day MA
Indicators	RSI reset to 30-40 (oversold), MACD bullish crossover
Targets	Previous high or resistance level
Stop-Loss	Below recent swing low

Be patient: Swing trades can take days or weeks to play out.
Stick to your plan: Avoid emotional decisions and follow your predefined stop-loss and targets.
Use alerts: Set alerts in TradingView for key price levels or indicator signals.
Practice risk management: Never risk more than 2-3% of your capital on a single trade.