Bullish Sweeps

PARAMETERS

A swing low has been swept.

A swing low refers to a low that is lower than the two candles to the left and right of it. A sweep is when a candle goes lower than the previous low but closes higher than swing low.

EXAMPLE

This is the Daily chart of ZEN. As you can see sweeps offer some opportunities for a reversal / mean reversion kind of trade.

ZEN 1d Chart