ICT Previous Month High (PMH) Explained

What is Previous Month High in ICT?

The highest price of the previous completed calendar/trading month, used as a broad liquidity reference.

Definition of Previous Month High

The prior month's high, calculated from the platform's monthly candles.

How to identify Previous Month High

Plot the prior completed monthly high; verify whether the platform's monthly candle follows the intended market session.

Bullish Previous Month High example

price accepts above PMH, suggesting expansion.

Bearish Previous Month High example

price sweeps PMH and rejects lower.

Previous Month High chart examples

Practical trading example

A weekly bullish setup may use PMH as an external upside objective.

Common mistakes and important notes

Monthly boundaries and instrument sessions can differ. Large levels may be far from intraday price.

Related ICT concepts

Part of Liquidity Concepts. New to ICT? Start with the beginner guide.