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Shorting 30 minute low breakouts

One of my favorite trades is the 30 minute low short. Stocks that spike down and have a weak bounce can be shorted on a break below the low of the first 30 minutes of the day. If the stock is also breaking below a consolidation level on the daily chart, the probability for a profitable short increases. Place your stop above the high of the highest bounce after the first 5 minute bar of the day. Today HAL was a perfect example of this trade.

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