Thankful for our Emini Fibonacci Grid October 14

Oct 14, 2016: 11:04 AM CST

After price broke out of our intraday triangle to achieve a downside target, we’re now seeing a rally off the lows.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your trades:

Here’s a reference guide of how to use and trade from these morning updates.

In playing the rally from the prior swing low near 2,110, I wrote to members last night:

“What now?  We’re seeing – and traded – a BOUNCE/RALLY up away from our target and will focus our attention Friday on the 2,129 level once again, being bullish for a stronger bounce above [to target 2,139] (see Daily Chart).”

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That’s exactly what happened this morning and now we’re yet again seeing a move down away from our 2,139 target.

Surprise surprise – we’re focusing on 2,128 for a possible bounce/reversal here – again off a key Fibonacci Level.

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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).

1 Comment

One Response to “Thankful for our Emini Fibonacci Grid October 14”

  1. Hazlewood Says:

    It’s important to be keeping eye on these level in order to actually benefit much, if we are not keeping eye on these things accurately then we are likely to face issue and we need to sort it out accurately to benefit. I am currently trading with OctaFX broker where they have excellent features and facilities with low spreads from 0.1 pips to high leverage up to 1.500 while I get support as well through their 50% bonus on deposit scheme, it’s all fantastic.