Emini Plays the Fibonacci Levels like a Fiddle Aug 30
Wed, Aug 30, 2:21 PM ET, by Corey Rosenbloom
We finally got a breakout of our Fibonacci Grid!!! Here’s today’s big update in price action.
Let’s chart today’s @ES Fibonacci Grid in play:
I highlight these levels develop a game-plan for the next trading day for our members.
Yesterday saw a gap-down to our 78.6% level (overnight) and a strong intraday rally back inside the highlighted range.
Today gave us a big breakout through 2,448 which set in motion a play UP toward our 2,457 level which is achieved right now.
For the rest of today, use 2,457 as your bull/bear pivot and play the departure from our target.
Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.
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).”
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