[Soultrader]

I do sense that false breakouts do occur more often in the opening hour. I tend to see prices breakout of value, get rejected, and pushed back into value. This pattern occurs more during the morning session.

However, I do not have a complete data for this so I am not sure if false breakouts occur more in the opening hour or afternoon. They do occur during the doldrums but I do not trade during that time so I would not count that as part of the data.