Surging Through Our Fibonacci Grid Emini Update March 28
Tue, Mar 28, 12:11 PM ET, by Corey Rosenbloom
Today is another victory for our short-term Fibonacci Grid trading plan.
Why? Let’s find out!
Here’s today’s updated Emini (@ES) trading levels for your trades:
We got it right again in the strategy planning for members, as I wrote Friday for members:
We’re perhaps nearing the end of the retracement or at least the end of the “C Wave” of the structure.
This would suggest a future downside break toward 2,323.
As you can see, not only did price crash down toward 2,338 but also (so far) held support and reversed UP AWAY FROM our Fibonacci Target.
We’re seeing the continuation of that bounce today, moving through not only 2,338 but now 2,352.
Simply stated, now that buyers brought us back to 2,352, play the departure from here as usual.
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: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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