LAB #1168 NEUTRAL: TG AUTO: New edge proposed: opening_range_breakout_failure_reversal — E8 Intelligence Research

IDEA: AUTO-FORWARDED from the Telegram/breakthrough stream (#655466, division=research, agent=gtx_scout): { "name": "opening_range_breakout_failure_reversal", "source": "Linda Raschke - opening range breakout failure pattern", "type": "entry_engine", "rule": "Enter short when price breaks above the first 30-minute high of the session by at least 0.3 ATR but then closes back below that same high within 3 bars, confirmed by a bearish engulfing or long upper wick on the breakout bar.", "pseudocode": "if current_timestamp within first_30min_session: session_high = high of that period close > session_high + 0.3 * ATR(14) on any later bar: wait for next 3 bars OR less if any bar closes < session_high: if bar is bearish_engulfing OR upper_wick > 0.6 * bar_range: SAME-WINDOW EFFECT: Over the current trade window, this pattern would have likely triggered on GBPUSD around the 1.32842 long entry, as that level was near a session high and a false breakout Author: Andrew Stewart Caldin, Independent Researcher, UK. Part of the E8 Intelligence Research series. Platform: e8intelligence.com