Our Emini Fibonacci Range at the Highs June 12
Mon, Jun 12, 12:11 PM ET, by Corey Rosenbloom
With price in a short-term range at the all-time highs, let’s update our Emini Fibonacci Planning Grid.
Here’s your short-term Emini Fibonacci Retracement Grid and Target Levels:
Price pulled back violently Friday after achieving a new all-time never-before-seen high.
Price collapsed from the 2,445 level all the way back to our confluence target just above 2,415.
From there – for now – a “double bottom” price pattern has formed within a new short-term Fibonacci Range.
Note the shortened timeframe (15-min chart) and the importance of the 2,427 and 2,417 price levels.
Be safe and have some fun with the market at all time highs in a non-stop bull 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!
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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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