Bouncing Between the Fibonacci Levels Emini Update June 21

Despite yesterday’s large bullish up-gap, price bounced between our Fibonacci Grid as seen below.

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

First, take a look at the analysis and planning from yesterday’s morning update – it was the correct analysis.

Price moved “down away from” the 2,087 level toward the 2,074 pivot and then rallied.

We’re trading the movement between (or away from) these short-term Fibonacci Levels according to our grid.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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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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2 Comments

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