Our August 15 Bouncing Emini Fibonacci Grid Update

Aug 15, 2017: 8:51 AM CST

With volatility back in the market (for now), let’s update our Fibonacci Grid for the @ES because – believe it or not – it’s STILL working very well for short-term traders.

Here’s today’s @ES Fibonacci Grid in play:

Emini @ES Intraday Trend Reversal

Monday gave us our strong, expected rally up away from the 2,440 critical pivot (that I’ve correctly been highlighting to members) and we now see price gapping up – and falling this morning – at our 2,470 Fibonacci Target.

In simplest terms for a quick update, our pivot points to watch today include (today’s gap-up high) at 2,469 and the 2,458 Fibonacci Levels.

A breakout above 2,470 suggests we’ll retest the high while a break under 2,458 means we’ll play lower toward 2,445 again.

Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.

 

 

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).”

Comments Off on Our August 15 Bouncing Emini Fibonacci Grid Update

Comments are closed.