Keeping the Range Going at the Highs Feb 8
Wed, Feb 8, 12:51 PM ET, by Corey Rosenbloom
We’re seeing a series of small ranges develop in the @ES Emini.
Today gave us an expected swing down to a key Fibonacci Level and a reversal up away from it.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Here’s a quote to reference from Tuesday’s member report:
For now we see a small SIDEWAYS TRADING RANGE between 2,285 and 2,295 (yellow highlight). KEEP playing within this range until we get a breakout, likely lower toward 2,280
That’s indeed precisely what we saw happen – AND the reversal up away from 2,080.
If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!
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: "Finance" Definition
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SDI Glossary: "Trend" Definition
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