Finally a Flag Breakout in Emini April 24
Mon, Apr 24, 11:21 AM ET, by Corey Rosenbloom
Breakout! Price surged through two Fibonacci targets to achieve the prior swing high.
What will happen next and what is our plan for the day?
Here’s today’s updated Emini (@ES) trading levels for your trades:
We’ve been anticipating this breakout – one way or the other – for a while now.
We had bullish indications trigger late last week and we’re seeing the result with today’s breakout surge.
For now, focus on the yellow “prior high” target near 2,375 and the short-term Fibonacci Pivot right here at 2,368.
We have a narrow range at the moment between these pivots. As usual, plan to trade the departure from here.
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: "Breakout" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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