Same Pullback Same Emini Fibonacci Grid Plan July 25
Mon, Jul 25, 12:21 PM ET, by Corey Rosenbloom
We start the new week with clear echoes to last week.
Namely, we’re still trading within a clear range with clear resistance and support targets in play.
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.
We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.
Positiveand Negative Divergences developed both at the resistance (2,170) and support (2,155) @ES levels as price played “ping-pong” between these pivot points.
The higher Fibonacci Retracement appears at the 2,149 level.
Until we get a breakout, we’ll continue playing the range as highlighted.
Price continues to play between 2,170 and 2,155 and those are the key reference levels for intraday trading now.
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).
SDI Glossary: "price" Definition
SDI Glossary: "Finance" Definition
SDI Glossary: "Retracement" Definition
SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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