Flailing Between the Fibs and Triangle Emini Update Oct 3

Oct 3, 2016: 10:54 AM CST

We’re still seeing price consolidate both within a short-term Triangle and our Fibonacci Grid. Yes, still seeing it.

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.

Check the updates from last week as we continue to be successful with our top-level analysis and levels.

The play going into Friday – as described to members (join us!) – was for a likely sell swing lower to CONTINUE the triangle pattern.

That’s what’s developing this morning as price fell toward our 2,146 target – and the rising green trendline.

We’re awaiting a future BREAKOUT but until then, we keep playing the swings between the triangle and Fib levels.

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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).

1 Comment

One Response to “Flailing Between the Fibs and Triangle Emini Update Oct 3”

  1. Kiram Says:

    It will be interesting how things pan out, but I believe it looks good time to have a long trade, but we just need to make sure we do it all wisely and try to be sensible. I am able to work it out rather nicely which is a lot to do with broker like OctaFX which is top notch with having low spreads, high leverage, bonuses and many such facilities which not only helps me with trading, but also allows me to be working very smoothly without any major problem.