September 8 Pullback Plan for Emini Fib Grid

Sep 8, 2016: 9:27 AM CST

How low will our current pullback (retracement) go?  Let’s see!

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.

In last night’s report I discussed for members the Bearish Rising Wedge – and we’re seeing the initial trigger break and sell-swing out of the pattern (join to learn more about how we’re trading this pattern and actionable strategy planning for the next day).

With price breaking down under the 2,173 level (and pattern trendline), we’ll be on guard and trading additional downside action that targets the lower retracment levels on our Fibonacci Grid above.

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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).

3 Comments

3 Responses to “September 8 Pullback Plan for Emini Fib Grid”

  1. Our Absolutely Correct Call on the Bearish Rising Wedge and Breakdown | Afraid to Trade.com Blog Says:

    […] also publicly called out this pattern in yesterday’s Fibonacci Grid update (which I post each morning for […]

  2. "Bearish Rising Wedge" Pattern - TradingGods.net Says:

    […] also publicly called out this pattern in yesterday’s Fibonacci Grid update (which I post each morning for […]

  3. Malthotra Says:

    It will be interesting to see where things head next, but it’s good chance to go ahead with the trade in present situation, as we could gain decent grounds with it. I am trading with OctaFX broker where I get great support to do with their epic rebate scheme where I get 50% back on all trades which include the losing one too, so that’s why it’s quite easier for me to perform in any situation and brings a lot of rewards as well.