Bouncing Up again from our Fibonacci Grid April 17
Mon, Apr 17, 11:11 AM ET, by Corey Rosenbloom
After a quick rounded reversal took us back to the 50% level, buyers stepped in this morning at the key level.
Here’s today’s updated Emini (@ES) trading levels for your trades:
With the intraday chart officially in a short-term downtrend, we look to lower levels for target support.
These support levels are areas to target and then play potential bounces or rallies like we’re seeing now.
Focus on the movement between these levels – namely 2,329 and 2,345 today,
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
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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