An Emini Rounded Reversal Back to our Fibonacci Target April 13
Thu, Apr 13, 2:51 PM ET, by Corey Rosenbloom
Taking the form of a Rounded Arc, price broke beneath our short-term Fibonacci Support level and is collapsing toward our lower target.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Today reminds us why patience pays – especially when awaiting a range breakout.
Sellers shattered the 2,345 support level, opening up a second sell-swing toward the 2,329 prior target.
Continue monitoring this rapidly developing situation in a newly exciting breakout market.
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: "Support" Definition
SDI Glossary: "Trend" Definition
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