June 30 Brexit Never Happened Emini Fibonacci Update
We’re collectively waking up to a dream where the Brexit happened but in the real world, it didn’t. It was just a dream.
Ok that’s not actually true but the violent down-move was countered the last three sessions with equally strong up-moves in price, erasing the down-action following the U.K. “Brexit” vote.
Despite that, as was the case last week, our Fibonacci levels held and helped guide us through the journey.
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.
I brought back the wider (larger) Fibonacci Grid to the members last night and here we are with the prior levels.
After falling toward the 1,985 “127.70” Extension, price reversed powerfully higher through all lower levels.
We’re now playing with the 2,075 @ES pivot which has been a key price pivot level through most of June.
Note your updated (previous) levels and adjust your trade plans to the departure between these levels, starting today with 2,075.
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Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
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).
It’s fair to say that things have been really violate after Brexit, so we need to be very careful with these things, it’s vital that we trade with proper way and method, it’s only how we will be able to perform well and achieve positive results. I trade with OctaFX broker where I can keep my safe side and that’s through their epic rebate scheme that brings 50% back on all trading orders which is even through losing trades, so it’s ever useful.