Emini Price Plays Nice within our Fibonacci Retracement Grid Aug 30

Aug 30, 2016: 11:02 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.

Yesterday we rallied up toward the highs, powerfully pivoting from the 2,160 level.

We highlighted the movement toward the 2,180 target and used it as a resistance play – now we’re seeing the pullback down away from the 2,180 pivot.

What now?  We’re seeing at least a short-term logical bounce off the 38.2% Level at 2,172.  Focus on this level.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Emini Price Plays Nice within our Fibonacci Retracement Grid Aug 30”

  1. Draghi Says:

    It’s always wise that we trade with keeping things worked out properly and working in range, as that’s the best way we will be able to get things running correctly, but obviously still we need to be prepared for any hiccups and that’s where wise money management is so crucial. I don’t need to worry too much at all with broker like OctaFX, as they are awesome with having 50% bonus on deposit which can be used, so it works very nicely for me!