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Swing
A swing is a short to medium term price fluctuation that occurs naturally in every financial market. Every trending or sideways market is made up of multiple price swings. Price swings are caused by fluctuations in demand and supply.
Swing traders attempt to capture these price swings in order to make a consistent profit in the market whereas investors and position traders absorb these price fluctuations in search of the overall trend. You can see an illustration of a swing here and read an introductory tutorial here.

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