Updating our Emini Fibonacci Grid to End May
Tue, May 30, 12:11 PM ET, by Corey Rosenbloom
As we close out May 2017 this week, let’s update our short-term/intraday Fibonacci Planning Grid.
Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:
The non-stop bull market hit a snag this morning, and we were planning for this as seen in last Friday’s “Planning a Pullback in the Emini.”
Here it is – at least an initial pullback in price.
Note the short-term Fibonacci Levels which include the simple 2,400 overlap and then the 2,390 level beneath it.
Otherwise, “ignore it all” with an alternate thesis breakout beyond the 2,415 region should that occur.
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!
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Corey Rosenbloom, CMT
Afraid to Trade.com
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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: "Retracement" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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