Between Two Fibonacci Levels Oct 12 Emini Update

Oct 12, 2016: 12:24 PM CST

After yesterday’s breakout, price plunged through all levels to the lower Fib Grid Zone.

Right now, we’re seeing a logical bounce up away from our lower Fib Level to our current upper one.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades:

Here’s a reference guide of how to use and trade from these morning updates.

The plunge from the 2,160 level toward 2,120 shook up the Fibonacci Grid as price sliced through all lower zones.

However, we’re seeing a logical rebound today that made us bullish above 2,126 to target 2,136 where we are now.

For the remainder of today’s session, focus on the current 2,136 pivot and play the movement away from this price.

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Corey Rosenbloom, CMT

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1 Comment

One Response to “Between Two Fibonacci Levels Oct 12 Emini Update”

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