All About the Fibs to Start April
Mon, Apr 3, 2:41 PM ET, by Corey Rosenbloom
Can you believe it’s April already? As we start April, we’re still using our Fibonacci Grid to assist intraday trading decisions.
Here’s today’s updated Emini (@ES) trading levels for your trades:
At the moment, today’s session high and low occurred roughly into our 23.6% and 50% Fibonacci Levels.
Nothing is ever an exact science, but we use these levels as targets (to play toward) and reversal points (to play ‘away from’).
Here we have price falling down away from our upper level, which we forecast as the higher probability outcome to our Members Friday.
Here’s a direct strategy planning quote you could have used if you were part of our membership:
Today does start to change the expectation or game-plan to favor a DOWNWARD retracement AWAY FROM the 2,369 pivot.
Play bearishly toward 2,352 and then toward 2,339 if beneath the 2,350 level.
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
This Article's Word Cloud:
More articles: 1 2 3 4 5 6 7 next »