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Doji or midrange closes lack directional bias: 50-50 odds, 25% no breakout probability.

From How I'd Learn To Trade Liquidity If I Started Over · jumps to 36:07 · speech

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And there's about a 40 to 45% chance that it's going to take out the higher or low. So you don't really know the direction, whereas here upper 10%, 90% chance we take out the high. Lower 10%, 90% chance we take out the low. Middle of the range close, it's like 50-50. We're going to take out the higher low. You're coin flipping on direction, and there's a 25% chance that we take out neither. So quite simply, when yesterday's candle was like a doji like this, or it's just got a very long upper wick and lower wick, but the actual close ends up being about 50%, right? In the middle, we're not in that 10% extremes of either range. That's a no bias day, no obvious daily bias.
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