This is Crabel's most famous contribution. It involves identifying a specific price range during the first few minutes of the trading day and entering a trade when the price "breaks out" of that range, signaling the day's likely trend.
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It sounds like you're interested in the work of , specifically his influential book, Day Trading with Short Term Price Patterns and Opening Range Breakout . This is Crabel's most famous contribution
Crabel identified that when the market experiences an unusually tight trading range (the narrowest in 4 or 7 days), it is often a precursor to a massive spike in volatility and a sharp price move. specifically his influential book