Why Theory of PDL is important in Price Action
![[Positional] Godfry Philips Retracement Bet](https://s3.tradingview.com/m/mY834200_mid.png)
Yesterday I posted a short setup in Godfry Philips. You can clearly see the setup did not trigger by mere .9 points saving us a huge fortune.
Just .9 was enough to save 30 points.
In Price Action, the PDL (Previous Day's Low) in Daily timeframe is the most important indicator for any kind of trigger!
Now our view of shorting this scrip is still the same but it will not trigger till the PDL is broken.
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Feragatname
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