Define dealing ranges with significant high/low and 50% midpoint; OTE numbers show premium/discount.

You mark out the high, you mark out the low, you plot out the 50%. Everything below is your discount. Everything above is your premium. Your OTE numbers will fill in here as well. But you're going to mark all of this stuff out. You should already be doing all of this by now based on what you've learned in this series so far. Nothing I've shown in this video other than the stats is new, okay? So something that people often do very wrong is let's assume this is our weekly candle, okay? So this is our open, this is our high, this is our low, and this is our close. So it's a bullish weekly candle here, okay? Something that a lot of people will do is price will trade up on the daily and it will take out that weekly high. And they're going to immediately say, okay, I'm bearish now and I'm going to expect price to trade all the way down to the weekly low. Now, is that possible? Sure, anything's possible. But I actually tested this with some data to give you guys some interesting context when looking at setups like this. When we're talking about these time frame that we're on, so a weekly high getting taken out and swept out on the daily, that can provide a reversal, but that reversal is a daily reversal, not necessarily a weekly