Big Bullish Surge Emini Fibonacci Level Update June 20

Jun 20, 2016: 10:54 AM CST

The bulls seized control over the weekend with a strong bullish gap up to our key Fibonacci Target Level.

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

I highlighted to members the “Symmetrical Triangle” developing between the 2,074 and 2,040 level with 2,062 as the Midpoint of the pattern.

Price surged higher, gapping through our 2,074 level to the “final Fibonacci” pivot at 2,088.

At the moment, we’re seeing a retracement down away from this level.

We’ll clearly be focusing our attention on this 2,088 pivot and trading the movement away from this key level.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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3 Comments

3 Responses to “Big Bullish Surge Emini Fibonacci Level Update June 20”

  1. Bouncing Between the Fibonacci Levels Emini Update June 21 | Afraid to Trade.com Blog Says:

    […] take a look at the analysis and planning from yesterday’s morning update – it was the correct […]

  2. How to Use Our Daily Emini Fibonacci Planning Posts | Afraid to Trade.com Blog Says:

    […] “Bullish Surge into Target Emini Level Planning June 20th” […]

  3. Chakram Says:

    In my view trading through these Fibonacci level can be seriously good, but at the same time it requires us to be really good at it and only then we will be able to work things out. I always keep my safe side and that’s entirely to do with OctaFX broker with their tidy spread from 0.2 pips to high leverage up to 1.500, stop out level of 15% and much more, so all this really helps with trading and be very much secure with the work.