Gapping Into and Reversing Away From our Emini Fib Grid
Mon, Oct 24, 1:11 PM ET, by Corey Rosenbloom
You’re truly missing out if you’re not bookmarking and following our morning Emini Fibonacci Grid. It works!
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades:
Here’s a reference guide of how to use and trade from these morning updates.
We’re seeing price push UP AWAY FROM the 2,110 low through our pre-established Fibonacci Levels.
This morning, we saw a gap-up through the open air between 2,139 to 2,147 with a stab-and-reversal off 2,147.
This morning, though it may be hard to see in the chart above, we’re seeing a sharp bearish reversal down from 2,147.
Where’s it headed? 2,139!
You need to incorporate these levels into your short-term trading.
Want these levels and additional strategy planning in advance each evening?
Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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