TheStrategyLab.com Price Action Trading Support Forum

Bullish Swing Point - Price movement had been declining on the day’s session. Volatility contraction occurred just prior to the KME. The KME announcement concluded and produced a WRB Hidden GAP in the same interval as the key market event. This created a change in price direction and thus a swing point.

The price action movement after the first WRB Hidden GAP continued in the same price direction as the first WRB Hidden GAP, creating three consecutive same direction intervals and then continued on to fill the prior unfilled WRB Hidden GAP.

The original WRB Zone created by the KME was eventually filled to the downside by subsequent price action and was then no longer valid to look for trade signals in.