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late break

Pre-open late break: When prices stay within an existing range overnight but attempt a breakout 60-90 minutes before the open (8:00-8:30), this is likely to reverse back into the previous range. So, instead of chasing the breakout, consider fading it. Reversing the breakout can either repeat the breakout more substantially, or else reverse more substantially in the opposite direction.

Pre-close late break: Ranging sideways through the afternoon bias window, not attempting to trend further until after entering the final hour, will usually be retraced entirely, and often before the close, regardless of the false breakout’s degree.

Study the setup’s historical occurrences here:

 

https://viditrade.com/wp-content/uploads/2023/05/ES_051523_G.pnghttps://viditrade.com/wp-content/uploads/2023/05/es_050323_am.png

 

 

 

 

 

 

 

 

 

This setup has occurred on the following dates:

  • 9-23-21
  • 12-07-21
  • 2-17-21
  • 03-05-21
  • 04-05-21
  • 04-07-21
  • 7-13-21
  • 08-04-21
  • 9-14-21
  • 9-23-21
  • 12-15-21
  • 02-10-22
  • 03-03-22
  • 7-22-22
  • 11-22-22
  • 12-01-22
  • 01-05-23

 

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