Emini Fibonacci Target Grid Update to End August

Aug 31, 2016: 9:02 AM CST

We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.

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 had price pivot DOWN away from the 2,180 @ES level initially TOWARD the 2,172 pivot.

After a bounce – then fall – we’re now under 2,172 and possibly trading down toward the 2,166.50 target.

We’re still within the range and will be playing the ping-pong bounces between these zones until we get a breakout.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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2 Comments

2 Responses to “Emini Fibonacci Target Grid Update to End August”

  1. Market Still Within Trading Range - TradingGods.net Says:

    […] By Corey Rosenbloom […]

  2. Keefe Says:

    From the scenario, I guess we might see this trend continuing for some time, at least. I will not waste to get in for long term trades, although I have no worries because of using swap free account via OctaFX, but still I prefer to trade when there is clarity, but I do go for scalping in such situations and it’s very handy with broker like OctaFX, as they are all class with low spreads from 0.1 pips, high leverage up to 1.500 plus having rebate scheme too which gets me 50% back on all trading orders.