Thanks Yellen Emini Fibonacci Grid Update August 26

Bycjrosen

Well THAT got interesting fast!

Chair Yellen strongly hinted that conditions allow for a near-term future rate hike, and that sent the market lurching up and down.

However, our Fibonacci Levels held!  So far.

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 Range Continues and price fell – collapsed (thanks Yellen) – to the 61.8% level at 2,162.

All things being equal, use 2,162 as today’s bull/bear pivot along with the upper Fibonacci Levels as drawn.

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Corey Rosenbloom, CMT

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One Comment

  1. It will be interesting to see how far things go with Yellen decision and whether there is near future rate hike or not, but I always keep myself in control with money management and due to OctaFX broker, I am able to do things nicely using their swap free account, it’s very nice and helps out with working, so that’s something which allows me to be extremely comfortable and relaxed with doing things and brings a lot of profits to the table.

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