Eminis Bouncing in the Fibonacci Grid May 13 Update

May 13, 2016: 9:53 AM CST

Despite the recent gaps and volatility, price remains within our well-defined Fibonacci Retracement grid.

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

Our Fibonacci Retracement Level Grid continues to serve as targets and reversal points.

Yesterday’s high and low were into the 2,070 and 2,050 wider pivots as highlighted.

Today’s session so far has given us a departure down away from the 2,060 pivot (which wasn’t much in play yesterday).

For today, focus on 2,050 (technically 2,048) as a short-term Bull/Bear Pivot and if we see a bounce here, then 2,060 as an upper “range bounce” target.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Eminis Bouncing in the Fibonacci Grid May 13 Update”

  1. Mehra Says:

    Maybe, we can go into long trade here, but obviously we need to be very careful with things, if we’re not wise in dealing with situations well then we will have obvious trouble. I am grateful to my broker OctaFX since through their epic rebate program, I am able to work really nicely especially with getting 15 dollars profits per lot size trade and that’s even with losing trades too, so all really perfect for anyone especially beginners to be comfortable.