PLV2025 *For Swing Traders: The Daily is in Bullish (directional) Market Bias. Price action is moving within a giant Inside Day pattern for a market pause with no true direction.
After the tall bullish candle rejected a breakout from the Inside Day's high of 1,440.5 (shown as an orange line), the bears are attempting for a breakout at the pattern's low of 1,330 (shown as an orange line).
With a true breakout from the low of the Inside Day, the bears can drop further as part of a retracement towards 1,296 through Mean Reversion.
*Current Fair Value Price from Traders Worldwide: 1,262.5
PLV2025 On the 4-Hour, it is in Bearish (directional) Market Bias.
After the previous break of the Bullish Trendline (in green dotted line), there was a retrace to the upside to retest the trendline.
Currently, the bears are dropping from the trendline for an even bigger move to the downside to potentially breach the Swing Low of 1,308 and go further.
*Side Note: A BIG move is coming from the Double Inside Day pattern.
PLV2025 For Swing Traders: The Daily is in Bullish (directional) Market Bias, which left off with the last two candles sharing the same price at their highs of 1,440.5. They created a Tweezers Top that is a Resistance Line. If respected, price action will stay below this to retrace downwards, then back up again. But if a bullish candle appears to breach that Resistance Line, then the bulls get a nice boost back up to continue the rally.
*Take Profit Projections for a Retracement: 1,249 - Based on Mean Reversion
**Current Fair Price by Traders Worldwide: $1,235 for Swing Traders
PLV2025 *For Swing Traders:
