Backtested: same setup works 37% in premium, 45% in discount; discount is better area.

But the areas alone are not enough, and it's backed up statistically as well. Now, I went and backtested my strategy with this idea of the discount being cheap and the premium being expensive. And what I found was when I took longs in the premium, the same setup, but one was in the premium, it worked out about 37% of the time, whereas that same setup in the discount worked about 45% of the time. That is a meaningful difference. It works more often in the discount and you're also closer to your invalidation. So in short, to summarize, right, if we're bullish, I want to look for longs at a discount, not just because discount means long, but discount is where the best longs happen.