Emini Still Trades and Bounces within our Grid Sept 6
Wed, Sep 6, 2:41 PM ET, by Corey Rosenbloom
Our breakout beyond 2,470 was short-lived last week. Now, we’re back within our grid.
Let’s chart today’s @ES Fibonacci Grid in play:
After the Labor Day holiday, shares plunged back toward our 2,448 Fibonacci Pivot and reversed powerfully up away from this level, closing back at the 2,458 Fibonacci Target.
At the moment, we’re back within the 2,458 and 2,470 price pivots as price rests between them.
There’s no special analysis or plan here – continue to trade the movement between these levels until we get above 2,480 (target 2,500) or beneath 2,420.
Until then, we’ll continue loving this range because it’s effective for our short-term trades.
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).”
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
This Article's Word Cloud:
More articles: 1 2 3 4 5 6 7 next »