A local trough in price — a low with higher lows on both sides.
A Swing Low is a candle whose low is lower than the lows of a defined number of candles on either side. Swing lows mark where sellers exhausted and buyers stepped in. They define uptrend structure (higher lows), serve as retrace targets, and mark the pools where sell-side liquidity rests.
Swing lows are where your stops hide and where smart money looks to enter. Knowing where they are — before price gets there — is the entire edge.
The overnight session bottoms at 5,828 with higher lows either side. That swing low is your sell-side liquidity pool. If price sweeps it and reclaims, that's a Reveal.
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