New Emini Fibonacci Retracement Grid August 8
Price jumped higher into the 2,180 @ES level this morning and (so far) pulled back from this pivot.
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.
We still can’t use our larger Fibonacci Retracement Grid levels WITHOUT an actual larger retracement.
We STILL haven’t seen a decent (more than 23.6%) retracement since late June!
Nevertheless, we continue to update our short-term Fibonacci Retracement Grid levels especially when price makes a new high.
For now, the key focal points for today’s session are the 2,180 high level and the 2,172 Fibonacci Level (23.6%).
Want these levels and additional analysis/strategy planning in advance each evening?
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Corey Rosenbloom, CMT
Follow Corey on Twitter: http://twitter.com/afraidtotrade
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).
I believe such jumps are not often we see, so that’s why we need to be very careful with how we work out everything. I like to follow these levels very careful; as if we do that then we increase our chances of success big time. At the moment, I am getting a lot of support which comes through OctaFX broker using their epic cTrader platform, it’s especially develop for ECN trading and helps up with working so nicely which is how we are able to perform well all the time.