Copy this into your notes as a worked draft. Before using it for a real idea, replace the invented chart, dates, levels, and assumptions with your own observations and rerun the audit below. Do not paste this fictional instrument as a real market call. Category and visibility are publishing-form choices, not assertions that this example has been posted.
Complete educational draft; all example market values are inventedtext
TITLE: Hourly range-break study: above 100, invalid below 97
FORM: Educational category if available; neutral bias; private practice draft.
CONTEXT
This is an invented chart exercise, not a live trade idea.
Instrument: EXAMPLE (fictional, not a TradingView ticker).
Chart: hourly standard candles, continuous session, UTC, price units.
Data cutoff: 2026-10-16 16:00 UTC, closed bar.
Draft created: 2026-10-16 16:05 UTC (assumed author timestamp).
Publication: not published. Assumed example time: 16:10 UTC.
At a real publication, save the actual URL and platform time separately.
OBSERVATIONS BEFORE ENTRY
Hourly closes from 09:00 through 16:00: 96, 98, 97, 99, 98, 100, 98, 99.
The last close is below the recent closing-price ceiling of 100.
Several closes returned toward 98; there is no confirmed breakout yet.
No position or order exists in this exercise at the cutoff.
HYPOTHESIS AND TRIGGER
A later hourly close above 100 may precede a close at or above 104.
Eligible trigger closes: 17:00, 18:00, 19:00, and 20:00 UTC on October 16.
Before a trigger, any hourly close below 97 cancels the study.
At the first eligible close above 100, mark the hypothesis triggered.
For a separate simulated entry, take the next bar's opening price only
if it lies from 100 to 101 inclusive. Otherwise mark skipped; no retry.
A chart trigger does not prove that an order was submitted or filled.
INVALIDATION AND EXPIRY
After triggering, evaluate subsequent hourly closes in time order.
First close below 97: hypothesis invalidated.
First close at or above 104: objective observed.
If neither occurs by 2026-10-17 16:00 UTC, mark timed out.
The 16:00 close is included; then the study ends.
If no trigger occurs by October 16 at 20:00, mark expired untriggered.
Do not extend either deadline after seeing the outcome.
LIMITATIONS
These are close-based research rules, not protective stop orders.
An intrabar touch alone does not meet a close-based condition.
Gaps can skip the entry range or move beyond an invalidation level.
No quantity, execution costs, or verified fills are supplied, so this
article makes no profit, loss, win-rate, or risk/reward performance claim.
This is educational information, not investment advice.
FOLLOW-UP COMMITMENT
Append an update for a trigger, cancellation, skipped entry, objective,
invalidation, or expiry. Include the new data cutoff and posting time.
Keep the original levels and dates visible, even after a failed setup.
Separate hypothesis outcome from any actual trade outcome.
If a factual error is found later, append an explicit correction that
identifies the old statement and its effect on the interpretation.