The Previous Day's High (PDH) and Previous Day's Low (PDL) are Simple yet Valuable Reference points that show where notable Buying or Selling activity occurred.
By observing these levels, Traders can gain a Clearer understanding of Market Structure and Short-term sentiment as the New Trading day begins.
If the PD is Bullish, show the High of the Previous day only.
If PD is Bearish, show the Low of the Previous day only
In trading, the Previous Day High (PDH) and Previous Day Low (PDL) are Critical Price levels used to Identify Market Sentiment, Potential Reversals and Liquidity Zones.
