29/4/25 Can Bears Get FT Bear Bar or Fail to Do So? FCPO

• Yesterday's candlestick (Apr 28) was a bear bar closing in its lower half with a prominent tail below.
  
• In our previous report, we said traders would see if the bears can create a strong bear entry bar closing near its low, or if the market would trade slightly lower, but lack strong follow-through selling, closing the candlestick with a long tail below or a bull body instead.
  
• The market gapped down and formed a strong bear entry bar.
  
• The bears want a retest of the recent leg low (Apr 22) followed by a strong breakout and a measured move based on the height of the 5-month trading range (AFTER the pullback).
  
• The bears must create a strong follow-through bear bar on Tuesday to increase the odds of a retest and breakout below the April 22 low.
  
• If the market trades higher over the next several days, they want it to form a lower high (vs Apr 25), forming a double top bear flag.
  
• The bulls want a larger second leg sideways to up after the current pullback.
  
• They want the current move to form a higher low (vs Apr 22), a double bottom (Apr 22), and a higher low major trend reversal.
  
• They want the current pullback to be weak, sideways and with poor follow-through selling.
  
• The selloff from April 2 to April 22 was strong enough for traders to expect at least a small sideways to down to retest the April 22 low. It is currently underway.
  
• Traders will see the strength of the move. If strong, traders may expect a breakout attempt below the April 22 low.
  
• If it is weak, we may see more profit-taking from the bears moving forward, followed by a larger second leg sideways to up after that.
  
• So far, the market gapped up in the night market and is an inside bull bar.
  
• For tomorrow (29/4/25), traders will see if the bears can create a follow-through bear bar. If they do, it could lead to a retest and breakout attempt below the April 22 low.
  
• Or will the market close as a bull bar instead? If this is the case, especially if it is a strong bull bar, it could lead to further profit-taking from the bears.
  
• The market remains in a large trading range (4500 - 3850). Traders may Buy Low and Sell High within the trading range.
  
• That means buying in the lower third of the trading range, and selling in the upper third until there is a strong breakout from either direction with follow-through buying/selling.
  

Andrew