HIGH | LOW DAY LEVELS

PDH and PDL Levels:

• Previous Day High (PDH): Highest price from the prior trading day; acts as resistance.

• Previous Day Low (PDL): Lowest price from prior day; serves as support.

These levels help identify potential bounces, breakouts, and ranges in the current session.

How to Use Them

1. Plot Levels: Use charting tools (e.g., TradingView) to mark PDH (green line) and PDL (red line) from previous day's data.

2. Support/Resistance:

   • Buy near PDL if price bounces (stop below PDL).

   • Sell near PDH if rejected (stop above PDH).

3. Breakouts:

   • Bullish: Buy on close above PDH (target: prior range extension).

   • Bearish: Sell on close below PDL.

   • Confirm with volume or indicators like RSI.

4. Range Trading: Trade bounces between PDL and PDH in sideways markets; use midpoint as pivot.