FAILURE SWING
Failure Swing: translation
A term used in technical analysis with specific reference to the Relative Strength Index (RSI). A top failure swing occurs when the market is in an uptrend and the RSI is over 70 but the next peak fails to exceed the previous peak. Similarly, a bottom failure swing occurs if the market is in a downtrend and the RSI is below 30 but the next peak fails to fall below the previous peak.
► See also Technical Analysis.