Mountain Frog Research

Sessions most like 2026-08-07, as of 11:30 ET

A shallow-pullback morning drive that is still pressing its highs as the cutoff arrives.

What would separate them: The tell is behaviour at that pre-cutoff high — whether it is taken and held with give-backs that stay shallow and above the morning's value, or whether the push through it draws immediate supply and price loses value on the way back. Worth watching too is where the volume shows up, on the extension or on the give-back, and whether the morning low comes back into play — that is where the faders separated from the grinders.

What links these sessions is not how far price travelled but how little of it came back: each worked away from the open and then held, sitting near the session extreme with only a token pullback at a point in the day when the broader corpus had typically given back much more. Today matches that shape — the give-back so far is trivial against the corpus yardstick and the deepest pullback of the morning sits at the shallow end of even this group, though slightly more has come back than most of the cohort had shown by this hour. Where today stands apart is the mix: the daily range is running wider than the corpus median while participation is lighter than a typical session, and the high was printed in the minutes right before the cutoff, so the drive is fresh rather than aging. The initial balance sits toward the wide end of what this cohort carried.

Extended the drive 5 of 12

These kept going after the cutoff and finished in the upper part of the day's range, with the give-backs along the way staying shallow and the morning low holding. The push higher was the dominant move of the session rather than a last gasp.

new high 5 new low 0 median to close +0.25 ATR
Stalled at highs 2 of 12

These poked to fresh highs and then went nowhere, oscillating through the afternoon and closing near where they stood at the cutoff. The drive neither resumed in earnest nor unwound.

new high 2 new low 0 median to close +0.08 ATR
Poked then faded 3 of 12

Each squeezed out a marginal new high after the cutoff and then rolled over, working lower for the rest of the day and closing beneath the cutoff price. The reversal was orderly and the morning low held.

new high 3 new low 0 median to close -0.18 ATR
Broke the low 2 of 12

The marginal high above the cutoff was the last of the buying: price turned hard and broke back through the morning low. The worse of them stayed pinned near its lows into the bell, handing back more than the whole morning drive and then some, while the other clawed much of the damage back yet still finished clearly below the cutoff.

new high 2 new low 2 median to close -0.29 ATR

Written from the computed figures only, by a model that is not permitted to write a number — every count above is rendered from the same data as the table. Camps are one reading of these sessions, not a forecast: the matched features have been measured to add nothing over price position alone, so a cohort rate at this sample size is descriptive.

2026-08-07 — TODAY vwap +0.27· hi +0.40 @11:26 · IBgap +0.22· vwapΔ +0.08 · retr 8%/15%max in progress
All twelve, and today, on one set of axes hover a line to isolate it · use the plot column in the table below to drop a session — the scale refits to what is left, so hiding an outlier gives the rest the whole frame
Faint left of the cutoff: those sessions were selected for resembling today there, so the agreement is by construction. Everything that matters is to the right. Outcome is in the geometry as well as the colour — a new high is a line clearing its own earlier high — because red and green are the hardest pair to tell apart with colour-blindness.
What these became
10 of 12 expanded upward
after the cutoff, by which extremes they took
Room past the level
+0.38 ATR
median run from the cutoff price · +0.35 ATR beyond the morning high itself
Heat before it got there
-0.12 ATR
worst excursion against you between the cutoff and the extreme — not the whole session · worst -0.25 ATR · typically reached 14:45
What would catch it off guard
2 did something else
2 went both ways · worst close -1.11 ATR

What kind of session these became — expansion one way, both ways, or balance — on the same four-way split the corpus study uses, where balance is a third of all sessions. Deliberately not a hit rate: which extreme gets taken largely restates where price already sat at the cutoff, and nobody holds to the close anyway. How far it ran, what it cost to sit through, and when it got there are the parts a trade is built on. n=12.

plot sessiondistATRIB /ATRRVOL retr nowretr max to closemax upmax down new highnew low
2026-08-07 — today0.0074.00.500.938%15%in progress
2025-06-030.2663.50.330.736%18%+0.18+0.33-0.03YES
2026-01-050.4051.00.440.9711%15%-0.18+0.16-0.30YES
2022-11-080.4571.80.391.085%20%-0.29+0.15-0.88YESYES
2023-06-080.4535.50.461.171%19%+0.25+0.38-0.15YES
2023-07-170.4530.20.350.705%21%+0.15+0.52-0.12YES
2024-06-100.5334.50.310.670%18%+0.38+0.47-0.06YES
2023-12-180.6028.00.400.8411%28%+0.02+0.36-0.03YES
2025-01-170.6267.20.301.0317%20%-0.18+0.09-0.21YES
2023-09-220.6531.80.461.042%36%-1.11+0.07-1.24YESYES
2022-11-100.6674.20.661.683%25%+0.51+0.57-0.25YES
2024-11-080.6745.50.310.676%13%+0.08+0.38-0.12YES
2025-05-060.70116.00.340.775%19%-0.25+0.15-0.30YES
cohort low28.00.300.670%13%-1.11+0.07-1.24
cohort median51.00.390.975%20%+0.08+0.36-0.15
cohort high116.00.661.6817%36%+0.51+0.57-0.03
cohort hit rate12/122/12
CORPUS median (n=967)50.50.511.0034%60%+0.05+0.30-0.28
CORPUS base rate56%50%

All ATR-normalised and measured from the 11:30 cutoff. max up / max down are forward excursions after the cutoff — not the session extremes, which in most of these were already set. new high / new low ask whether the post-cutoff move exceeded the pre-cutoff extreme. Click any row to expand that session's chart to full width and jump to it; click again to collapse.

2025-06-03 d=0.26 vwap +0.25· hi +0.45 @11:24 · IBgap +0.20· vwapΔ +0.12 · retr 6%/18%max closed +0.18 ATR
2026-01-05 d=0.40 vwap +0.19· hi +0.46 @11:25 · IBgap +0.26· vwapΔ +0.10 · retr 11%/15%max closed -0.18 ATR
2022-11-08 d=0.45 vwap +0.33· hi +0.43 @11:23 · IBgap +0.22· vwapΔ +0.17 · retr 5%/20%max closed -0.29 ATR
2023-06-08 d=0.45 vwap +0.33· hi +0.47 @11:29 · IBgap +0.18· vwapΔ +0.09 · retr 1%/19%max closed +0.25 ATR
2023-07-17 d=0.45 vwap +0.23· hi +0.46 @11:28 · IBgap +0.15· vwapΔ +0.08 · retr 5%/21%max closed +0.15 ATR
2024-06-10 d=0.53 vwap +0.31· hi +0.36 @11:29 · IBgap +0.13· vwapΔ +0.10 · retr 0%/18%max closed +0.38 ATR
2023-12-18 d=0.60 vwap +0.20· hi +0.41 @11:20 · IBgap +0.13· vwapΔ +0.12 · retr 11%/28%max closed +0.02 ATR
2025-01-17 d=0.62 vwap +0.25· hi +0.33 @11:27 · IBgap +0.11· vwapΔ +0.07 · retr 17%/20%max closed -0.18 ATR
2023-09-22 d=0.65 vwap +0.36· hi +0.46 @11:29 · IBgap +0.20· vwapΔ +0.12 · retr 2%/36%max closed -1.11 ATR
2022-11-10 d=0.66 vwap +0.27· hi +0.40 @11:22 · IBgap +0.33· vwapΔ +0.17 · retr 3%/25%max closed +0.51 ATR
2024-11-08 d=0.67 vwap +0.19· hi +0.43 @11:28 · IBgap +0.10· vwapΔ +0.13 · retr 6%/13%max closed +0.08 ATR
2025-05-06 d=0.70 vwap +0.18· hi +0.34 @11:24 · IBgap +0.09· vwapΔ +0.10 · retr 5%/19%max closed -0.25 ATR

How these were matched

Matched on seven measures, all ATR-normalised and z-scored: distance from VWAP, magnitude of the high off the open, the clock time of that high, expansion of the price-VWAP gap across IB creation, how far VWAP itself was dragged, and how much of the drive has been retraced — both currently and at its deepest. The IB-gap and VWAP terms separate a day that trended from one that chopped to the same place; the retracement terms separate a day still pinned near its high from one that has round-tripped to the open. Ordered nearest first. Solid = up to 11:30, the part matched on. Faded = the rest of the day, the part to read. Shaded band left of the 09:30 marker is premarket from 06:00 ET. The y-axis is a shared ATR ruler with the session open at 0, identical on every tile, so magnitudes are directly comparable.

n=12. This is a case-inspection tool for rare behaviour — sort the tiles into camps by eye. It is not an inference tool, and a percentage taken off this many charts would not mean anything.

Charts rendered with Lightweight Charts™, Copyright © 2026 TradingView, Inc. (Apache-2.0).