Strategy 21: Previous Day Close Strategy
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Strategy 21: Previous Day Close Strategy
Level: Beginner
Experienced Instructor
About This Lesson
The Previous Day Close/Previous Close Line (PDC/PCL) is the ‘settled upon’ price of all market participants the previous day. Intraday traders use this to determine if a stock is ‘continuing’’ its trend or ‘rejecting’ based on how prices are offered the following day. Given its importance, intraday traders can use this price as both an entry area and as a target, depending on how the market is moving to it and reacts from it.
Downloads
- Previous Day Close Strategy PDF
- TradeBook: Previous Day Close Strategy
Presented by
Jarad Champagne
Jarad is a software engineer with 7 years of experience in GIS technologies and a passion for trading, specializing in options and day trading. He joined Bear Bull Traders to share his journey and offer new strategies, while also enjoying cooking Cajun cuisine and spending time with his chinchillas and girlfriend.
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Download a copy of the presentation in PDF format here.