Triangle Breakout to Emini Target Update Oct 13
Thu, Oct 13, 12:11 PM ET, by Corey Rosenbloom
And just like that, price broke out of the triangle all the way to the initial target of the prior low!
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 targeting the prior swing low near 2,110, I wrote to members last night:
“We’ll expect – for our dominant thesis – a sell swing lower down under 2,128.”
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Here we are, right at the 2,110 as we expected – we’re also seeing the logical bounce/rally up away from our target.
Use the 2,110 level as your lower floor of support and – of course – the 2,128 Fib Level as a potential bounce target.
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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