The Fib and Arc Pathway Still Playing in Emini July 11
Tue, Jul 11, 12:21 PM ET, by Corey Rosenbloom
You’d think today would be different but it’s not – and that gives us an edge as traders.
Here’s today’s updated Emini (@ES) trading levels for your trades:
Believe it or not, we’re STILL within our short and intermediate term Fibonacci Grid.
The market hasn’t made much progress since late May as price remains within our established and well-discussed Fibonacci Grid levels.
As I’ve also noted (especially to members), price is forming a “Rounded Arc” trendline pattern as highlighted.
It sounds pedantic but it’s working – keep playing within this grid until we get a breakout.
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
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SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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