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What Are Previous Day Levels?

PDH (Previous Day High) and PDL (Previous Day Low) are the highest and lowest prices from yesterday's trading session. These levels often act as significant support and resistance.

PDH

Previous Day High — acts as resistance

PDL

Previous Day Low — acts as support

PD Mid

Midpoint — equilibrium zone

💡 Why PD Levels Matter

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Institutional Memory

Big players remember where they traded yesterday. These levels have "memory" — orders often cluster around them.

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Clear Reference Points

Everyone sees the same levels. This creates self-fulfilling prophecies as traders react at PDH/PDL.

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Range Context

Are we trading above or below yesterday's range? This tells you if buyers or sellers are in control.

🎯 How to Trade PD Levels

📈 Bullish Scenarios

• Bounce off PDL: Price tests PDL and holds → long entry
• Break above PDH: Price closes above PDH → continuation long
• Trading above PD Mid: Bullish bias for the day

📉 Bearish Scenarios

• Rejection at PDH: Price tests PDH and fails → short entry
• Break below PDL: Price closes below PDL → continuation short
• Trading below PD Mid: Bearish bias for the day

🔄 Role Reversal

When a level breaks, it often flips its role:

• PDH broken: Old resistance becomes new support. Look to buy retests of PDH.
• PDL broken: Old support becomes new resistance. Look to sell retests of PDL.

This is one of the most powerful concepts in technical analysis. Failed breakdowns and breakouts lead to strong moves in the opposite direction.

🔗 Combining with Other Features

+PD + ORB: When ORB H = PDH, that's a major level. Breakout = strong signal.
+PD + VWAP: If price tests PDL and VWAP is right there, double confluence for support.
+PD + Momentum MA: Trading above PDH with green MA = strong bullish day.
+PD + Divergence: Bearish divergence at PDH = high probability short setup.

📋 Quick Summary

• PDH = Resistance. Watch for rejections or breakouts.
• PDL = Support. Watch for bounces or breakdowns.
• PD Mid = Equilibrium. Bias shifts above/below this line.
• Broken levels flip roles — support becomes resistance and vice versa.
• Combine with other features for higher probability setups.

Previous Day Levels (PDH/PDL)