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Daily range high sits above weekly 50%, creating potential short opportunity with stacked ranges.

From Advanced Dealing Ranges Explained: The Only Strategy You Need · jumps to 19:14 · speech

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So I've now zoomed in, that red line that you see there where you see the 50% below, that is the weekly range. Well, we're also in the bearish daily dealing range here. So even though we're all the way in the discount on the weekly range here, right, low relative to the weekly, the daily is above its 50%. And it's technically in the premium right now. Our high timeframe view is bearish based on the weekly. The daily is bearish and we're in the premium. Could this be the lower high, of course? But ideally, I want to short this above the 50% on the weekly, right? Well, look what happens to be sitting just above the 50% on the weekly. The daily range high. So we could see a world where the daily does this, deviates above its range high, taking out that daily external range liquidity, putting us above the 50% on the weekly, and we're definitely in the premium on the daily, that actually might be a very nice short opportunity, because now we have two dealing ranges stacked on top of each other.
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