Explains nested ranges concept: multiple timeframes have their own ranges stacked together.

Let's start by explaining this concept or this idea of a nested range or nested ranges. So way back in episode 4, we would tell you very simply you take your swing high, your swing low, and then you would have your dealing range. You would mark out the 50% line, right? That would give you your premium and discount pricing. So you'd go on the weekly chart, you'd mark out, you're high and you're low, and there you go. You have your weekly range. But within that weekly range, well, the daily is going to have its own dealing range. And within that daily dealing range, there's going to be a four-hour range, and there's going to be a one-hour range within that, and it goes so on and so on. Remember that Russen Dahl analogy I gave you guys.