You decide. Depending on the available volatility, a weekly swing would be 266+ pips in the direction of progression or 611+ (18-sample bracket), so it is a very good idea not to fight what is going on to prevent some serious pain.

There is a checklist for a swing high (not identical for a swing low).

It involves the 18-sample volatility, a 2 or 3-candle sequence with one pink and one black candle, the close-down by 91+ pips at the first black progression candle, and there is one more thing: the close-down candle has to be below the 75% marker.

Of course, the high could have been made by the prior candle, so the next example managed to do this, even if barely.

The current close is so much on the fence, that it is ridiculous. Both by the 93 pips down close and the 75% marker.

What is even more off here is the back-to-back second pro volume week. I am biased, as you know, but I think this is all a Wave 4 accumulation before the move up beyond 1.1029, towards which they would be handing out Euro longs.

The current close is also at the previous swing high’s 50 % marker.