Triangle Breakout to Emini Target Update Oct 13

Oct 13, 2016: 10:55 AM CST

And just like that, price broke out of the triangle all the way to the initial target of the prior low!

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 targeting the prior swing low near 2,110, I wrote to members last night:

“We’ll expect – for our dominant thesis – a sell swing lower down under 2,128.”

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Here we are, right at the 2,110 as we expected – we’re also seeing the logical bounce/rally up away from our target.

Use the 2,110 level as your lower floor of support and – of course – the 2,128 Fib Level as a potential bounce target.

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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).

2 Comments

2 Responses to “Triangle Breakout to Emini Target Update Oct 13”

  1. Price Broke Out of the Triangle - TradingGods.net Says:

    […] By Corey Rosenbloom […]

  2. Anwar Says:

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