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Failure Swing Indicator

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Identify Failure Swing nice and easy

J. Welles Wilder Jr. describes Failure Swings as specific chart patterns used in conjunction with the Relative Strength Index (RSI) to identify potential reversals in price trends.

These patterns signal weakening momentum and can indicate a shift in market direction

Wilder emphasized that these patterns are more reliable when confirmed by price action or other technical indicators.

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