Emini Price Plays Nice within our Fibonacci Retracement Grid Aug 30
Tue, Aug 30, 12:11 PM ET, by Corey Rosenbloom
We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Here’s a reference guide of how to use and trade from these morning updates.
Yesterday we rallied up toward the highs, powerfully pivoting from the 2,160 level.
We highlighted the movement toward the 2,180 target and used it as a resistance play – now we’re seeing the pullback down away from the 2,180 pivot.
What now? We’re seeing at least a short-term logical bounce off the 38.2% Level at 2,172. Focus on this level.
Want these levels and additional analysis/strategy planning in advance each evening?
Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.
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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SDI Glossary: "Trend" Definition
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