Back to the Upper Side of our Fibonacci Grid goes the Emini June 13
Tue, Jun 13, 2:41 PM ET, by Corey Rosenbloom
This Bull Market will NEVER End!
That’s not true but it sure feels that way lately. Here we are back to the highs of our Fibonacci Grid.
Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:
We had a full pullback to our 61.8% short-term Fibonacci Level at 2,417 and buyers stepped in aggressively.
From there, price closed Monday’s session at our 38.2% retracement into 2,427.
Today’s bullish gap-up set the stage for another swing back toward the highs (through our “Open Air” bullish zone) as discussed for members last night.
Know your levels, stay objective, and note the higher timeframe bull market raging consistently higher.
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: "Retracement" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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