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Procedural structure studyNot performance
OPERATING MECHANISM
What it is designed to evaluate.
The sleeve looks for bounded structure, controlled displacement toward an edge, and evidence that the range remains intact. Breakout risk and poor execution conditions force abstention.
Suitable regimes
Repeatedly defended range boundaries
Contained volatility without directional expansion
Adequate liquidity and stable spread
Abstention conditions
Range integrity is uncertain
Momentum suggests boundary failure
News-like volatility, thin liquidity, or affordability gates fail