New Short Term Emini Fibonacci Retracement Grid July 18

Jul 18, 2016: 11:53 AM CST

Until we get a deeper pullback in the market, we’ll have to turn our focus to our new short-term Fib 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.

The bulls have been tricking us with repeated aggressive overnight buying.

We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual retracement.

We’ll turn instead to this grid of the most recent bull-dominated swing.

It puts our focus right now on the prior high above 2,160 and the minor pivot level at 2,142.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to Trade.com

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).

1 Comment

One Response to “New Short Term Emini Fibonacci Retracement Grid July 18”

  1. Mustafa Says:

    Looks good entry to me, but we should obviously have strong money management to work with in order to gain maximum rewards, I get excellent support which is through their top notch conditions that include lowest possible spreads from 0.1 pips to high leverage up to 1.500 while there is also smooth trading platform in cTrader, it’s especially develop for ECN trading, so there are no issues over slippage, re quote or such things, it keeps me incredibly comfortable and relaxed with things.