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Monthly candles likely take out highs or lows; cascade analysis down to daily execution plans.

From How I'd Learn To Trade Liquidity If I Started Over · jumps to 9:53 · speech

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Once we create a monthly candle, there's a very high probability in the next month we're going to either take out the... high or low. If we know that, we can then build that down and down and down until we get to the low time frame and plan our low time frame execution around these high time frame targets. Now, I've just quickly whipped up a few charts here and you can see exactly what I'm kind of talking about, right? So this is the monthly chart on Bitcoin. And if you look here, right, here's a monthly candle. We took out the low in the next month. And then if you actually look at this next monthly candle, we ended up taking out that monthly high. And if you look at the Bitcoin chart right now, this is a little stale. We're trading right near that high.
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