Thankful for our Emini Fibonacci Grid October 14
Fri, Oct 14, 12:11 PM ET, by Corey Rosenbloom
After price broke out of our intraday triangle to achieve a downside target, we’re now seeing a rally off the lows.
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.
In playing the rally from the prior swing low near 2,110, I wrote to members last night:
“What now? We’re seeing – and traded – a BOUNCE/RALLY up away from our target and will focus our attention Friday on the 2,129 level once again, being bullish for a stronger bounce above [to target 2,139] (see Daily Chart).”
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That’s exactly what happened this morning and now we’re yet again seeing a move down away from our 2,139 target.
Surprise surprise – we’re focusing on 2,128 for a possible bounce/reversal here – again off a key Fibonacci Level.
Want these levels and additional strategy planning in advance each evening?
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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).
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