Chapter 2
What is PW / PM / PD Levels?
Previous week/month/day levels: structural reference points
What is PW / PM / PD Levels?
PW (Previous Week), PM (Previous Month), and PD (Previous Day) levels include the high, low, close, and POC/VAH/VAL values of past periods. These levels are the most watched reference points in the market.
Level | Meaning | Significance
PW-High | Last week's highest point | Weekly resistance
PW-Low | Last week's lowest point | Weekly support
PW-POC | Last week's POC | Weekly fair value
PM-High/Low | Last month's high/low | Monthly structural levels
PD-High/Low | Yesterday's high/low | Daily intraday reference
Level | Meaning | Significance
PW-High | Last week's highest point | Weekly resistance
PW-Low | Last week's lowest point | Weekly support
PW-POC | Last week's POC | Weekly fair value
PM-High/Low | Last month's high/low | Monthly structural levels
PD-High/Low | Yesterday's high/low | Daily intraday reference
Why does PW / PM / PD Levels matter?
Since these levels are widely watched, they cause order concentration and price reactions. Particularly PW-High/Low and PM-High/Low levels are frequently reactive reference points.
How to use PW / PM / PD Levels?
Level Rejection: If price reaches PW-High and gets rejected = short opportunity. If it reaches PW-Low and gets rejected = long opportunity. Check the DOM heatmap at these levels: if absorption is seen, the signal strengthens.
This content is for education and analysis only, not investment advice. Market tools offer probability and context, not certainty; the decision is the user responsibility.