What is Daily Bias?
The expected directional lean for the trading day — bullish, bearish, or no-bias — read from the previous day's high/low (PDH/PDL) and how the daily candle closed against them.
Daily bias answers one question before the first trade: which side of the market am I allowed to trade today? The practical PDH/PDL framework: (1) mark the previous day's high and low; (2) a strong close above the PDH = bullish bias — look for an early dip that reclaims the opening level; (3) trading above the PDH but closing back below = a sweep — bearish bias with the PDL as the objective.
Six reference patterns cover every case: bullish continuation, sweep-and-return to buyside, bearish continuation, sweep-and-return to sellside, and two consolidation cases that mean NO bias. The iron rule: no bias = no trade — consolidation days are watch-only days.
The framework fails knowably: major news days (the number sets direction, not structure) and dead Friday afternoons. Accepting "I don't know" on those days is part of the edge.