On the daily chart PFRX's trend reads descending triangle, last swing LH at —. The last swing high was $33.56 (Oct 21) and the last swing low $32.87 (Oct 19).
Best for: intradayHold: same dayPrice $31.44 · 15-min delayed
Daily trenddescending triangle
Last swing high33.56
Last swing low32.87
Break level33.87
PFRX daily chart: last swing high and low
- - - last swing high- - - last swing low
Where PFRX sits in its zone
The delayed price $31.44 is below its daily zone ($32.75 – $32.99), 2.98 ATR under the bottom.
32.75 · bottom 25%middletop 25% · 32.99
Setups to watch: the zone broke. Watch for a reclaim back into the zone (false breakdown) or a continuation lower.
Prior move: PFRX moved down from $33.56 (the last daily swing) to $31.44, about 4.8 ATR, so the move is extended. Traders often watch the reversal first here.
Reversal check: a hammer or bullish engulfing candle near $32.75.
Latest daily candle (Nov 5): bearish (bearish).
Breakout check: RVOL above normal on the break (last day's RVOL: 0.5× on Nov 5).
Zone tests: price pushed above the zone top 0 times and fell back, and dipped below the bottom and recovered 0 times. Each test can weaken a zone.
Why swing matters
Swing highs and lows are the turning points that define a trend. Higher highs and higher lows mean an uptrend; lower highs and lower lows mean a downtrend. Breaking the last swing is often the first sign the trend is changing.
How traders use it
In an uptrend, traders buy pullbacks that hold above the last swing low.
In a downtrend, traders sell rallies that fail below the last swing high.
A break of the last swing low in an uptrend (or high in a downtrend) warns of a change.
Trend by timeframe
5-minute: mixed, last swing LL at —, break level $32.99.
15-minute: mixed, last swing HH at —, break level $32.30.
1-hour: channel up, last swing HH at —, break level $32.75.
Daily: descending triangle, last swing LH at —, break level $33.87.
Gap: PFRX opened Nov 5 at $32.77, a gap down of 0.3% from $32.88; the gap was not filled.
Round numbers nearby: $25.00, $30.00, $35.00.
Combined conditions
Daily zone $32.75–$32.99; VWAP $31.91. Swing levels that line up with zones are the strongest.
The delayed price is below the daily zone: watch for a reclaim or a continuation lower.
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How to trade around PFRX's swing levels
1. Hold above the swing lowAs long as PFRX stays above $32.87, the swing low holds; a daily close under it would break the structure.
2. Break above the swing highA daily close above $33.56 would make a higher high and is read as trend strength.
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Data: SEPT market data engine. Delayed data; real-time levels are on the SEPT platform. Times in Eastern Time. Educational information only, not investment advice. No odds or win rates are shown on this page.