@MSN1979 okay, my bad I did not know the full info, based on what you had wrote in VJAY's thread I assumed you are learning to trade..
So here are the rules -
Rally - candles making a series of higher high and higher low
Decline - Candles making a series of lower low and lower high.
Congestion - More than 3 candles but with no definite pattern of rally or decline.
Swing points - The Turning points in market where supply and demand changes hand. Swing points can form in any of the following points.
Swing High - A rally turns in to decline or A rally turns in to congestion or a congestion turns in to a decline
Swing Low - A decline turns in to rally or decline turns in to congestion or congestion turns in to a rally.
Uptrend = Series of higher swing high (HSH) and higher swing low (HSL)
Downtrend = Series of lower swing high (LSH) and lower swing low (LSL).
Swing points upgrade
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- All the swing points which are a part of a clear trend (either UT or DT) i.e. being a part of HSH and HSL in UT or LSH and LSL in DT are real swing points.(RSP)
- All other swing poiints which are not a part of any clear trend are called inside swing points (ISP)
- When price breaks another RSP, the next swing point will be by default a RSP
Real Trend
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- A trend consisting of higher TSH and higher TSL is called a real uptrend
- A trend consisting of lower TSL and lower TSH is called a real downtrend
- When there are at-least 3 or more than 3 ISP with in the range of two TSP, it is called a real trading range. The RSP are the range extreme.