Successful Fibonacci Grid for May 20 Emini Update
We’re already seeing success from our updated Fibonacci Retracement Grid this morning.
Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:
Take a moment to see yesterday’s update and the broader Fibonacci Grid for reference.
I successfully pinpointed an intraday reversal event that took place midday yesterday.
Today, we’re seeing the new short-term levels come into play right now with the expected reversal up away from the 2,020 level through the 23.6% level at 2,041 and now a possible reversal against 2,053.
Look closely at the updated levels and use them as your short-term targets and possible pivot points as usual.
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Corey Rosenbloom, CMT
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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).
I always love to trade through Fibonacci but we should always use controlled lot size, as that’s the only way we will achieve positive results. I do it nicely which is all credit to OctaFX broker and their massive benefits especially to do with the low lot size which is just 0.2 pips to high leverage up to 1.500 while there is also smooth trading platform in cTrader, it’s all very useful and allows me to perform ever so nicely to lead into good profits.