ICT Previous Week Low (PWL) Explained

What is Previous Week Low in ICT?

The lowest price of the preceding completed trading week, often used as a sell-side objective.

Definition of Previous Week Low

The previous completed week's low under the selected weekly session definition.

How to identify Previous Week Low

Mark the prior completed weekly low and monitor reaction when price approaches it.

Bullish Previous Week Low example

price sweeps PWL and reverses upward.

Bearish Previous Week Low example

price breaks below PWL and extends lower.

Previous Week Low chart examples

Practical trading example

Price trades below PWL, quickly reclaims it and forms a bullish displacement leg on the 1-hour chart.

Common mistakes and important notes

A level is a reference, not guaranteed support. Check higher-timeframe context and news risk.

Related ICT concepts

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