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Trade the 30 Second Bars, There Is No Longer Term 5/6/21

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

First, the 2 hour bars. I mean, what is this? Meatgrinder? Veg-o-matic? Slice and Dice? Shake and Bake? Swing Trader’s Nightmare? Day Trader’s Delight?

I guess it all depends on your time frame.

Today sets up bullish.

No.

Wait.

Today sets up bearish.

No.

Wait.

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On the hourly bars, the dour Europeans have repelled the Asian Tiger rebound at the downtrend line.

We’re right smack in the middle of this infernal trading range. It’s 5 AM in New Yak. The hour of power. Decision time.

Or not.

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