Emini Fibonacci Breakout into Falling Trendline April 20

Apr 20, 2017: 12:44 PM CST

Over the last few sessions, we’ve remained trapped between key Fibonacci Pivots.

Is today the day of the breakout?!  Or will the touch of the falling trendline be all the bulls can muster?

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

The yellow highlight is the most recent short-term trading range (roughly 2,345 and 2,329) where price remained.

This morning price broke powerfully higher and achieved the first upper target – the falling blue trendline.

Plan your next series of trades in terms of the immediate departure “away from” the current 2,355 @ES Target.

If you’re new to this style of simple level trading, welcome aboard and keep checking back or get more details beyond just the @ES (stock scans, money flow, education) by becoming a member!

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Corey Rosenbloom, CMT

Afraid to Trade.com

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