Emini Playing the Tight Fibonacci Range Today Aug 23
We expect Range Contraction (consolidation) after big Trend Days like yesterday.
At the moment, that’s exactly what we’re getting with today’s tight intraday range.
Here’s today’s @ES Fibonacci Grid in play:
I highlight these levels develop a game-plan for the next trading day for our members.
We had a NEUTRAL pivot bias between the 2,440 and 2,448 Fibonacci Levels… and lo and behold that’s exactly where today’s intraday high and low occurred.
It’s almost like magic! We’ll continue playing this range until we get a breakout, and I’ll discuss that plan for members tonight!
Come join us to learn these tactics (beyond this simple/quick update) and have an evening game plan you can use effectively for the next trading day.
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
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).”