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Turtle Soup

Smart Money / ICT

When the breakout fails, the trapped traders are your fuel.

how turtle soup works
20-bar high (breakout line)poke fails, closes back in → SELLtrapped breakout buyers fuel the drop

What it does

The original Turtles bought 20-bar breakouts; Turtle Soup fades the ones that fail. When price pokes beyond the 20-bar extreme but closes back inside, breakout traders are trapped and their forced exits fuel the reversal. This version confirms: the poke, the reclaim close, the candle closing in the reversal half, and an RSI extreme at the poke.

How it works

  1. 1Track the prior 20-bar high and low (drawn as a range box).
  2. 2Confirm 1: price pokes beyond the extreme. Confirm 2: it closes back inside (failed break).
  3. 3Confirm 3: the close sits in the reversal half of the candle. Confirm 4: RSI at an extreme.
  4. 4Three-plus checks confirm a trap, not a real break.