Wide Range yet Fibonacci Levels Still Hold Emini Update May 12

May 12, 2016: 10:40 AM CST

After a bit of surprise this morning with a gap-up (into a target) and collapse back to lower levels, price developed a wide-range morning session (20 @ES Points).

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

Our short-term Fibonacci Retracement Grid remains effective in planning short-term swings and trades.

We’re often building our game-plan on price moving “toward” or “away from” a key level – these Fibonacci Retracement Levels have been effective targets to play trades toward and then away from (retracements) the pivots.

Our active levels today are the 2,070 pivot and 2,048.  Price traded through 2,060 without stopping.

As we’re making sense of today’s wide-range volatile session, note these levels and the other indicators you’re using to enter and manage your trades.

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

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Corey Rosenbloom, CMT

Afraid to Trade.com

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1 Comment

One Response to “Wide Range yet Fibonacci Levels Still Hold Emini Update May 12”

  1. Jekar Says:

    This trend is likely to continue, so that’s why we got to be fairly careful with how we work out things and should only go in if we’re confident. I usually go with long term trading using swap free account provided by OctaFX broker, it’s really helpful to me given I am not required to pay any overnight charges, so that’s something making me comfortable and per rest I follow this blog and my own analyzing too which leads to good profits.