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Daily candle closing in bottom 10% of range suggests 90% probability next candle takes out low.

From How I'd Learn To Trade Liquidity If I Started Over · jumps to 44:53 · speech

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We're in the discount, right? Remember that sentence I told you to map out. So we know the drawn liquidity is above us. We're in a discount. We're bullish based on the weekly and the daily candle just closed in the bottom 10% of its range. So you can actually see here, I've mapped out that daily candle. There's the high. There's the low and the close was in the bottom 10% of its range. What does that mean? Well, that means that there's a high probability, a nine out of 10 chance that the next daily candle is going to take out that low. And there's also a 37 to 40% chance that that next daily candle is going to close green. So when we're looking to trade this actual daily candle, especially if the sweep of course happens early in the day, excuse me, well, there's the close of yesterday's candle early in the day. What do we do? We sweep out that prior daily's low. We now have the entire deck stacked in our favor. We have a bullish weekly range. We have a bullish discount.
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