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MaximGrigorev
Sep 9, 2016 5:33 PM

I see this is going to take a while. Short

E-mini S&P 500 Futures (Sep 2016)CME

Description

I think it's pretty clear that the Green Grid will not be able to help us. If we remove the green grid, we will use red. Watch what happens when we change Fibonacci grid.The probable level of wave (A) is growing.And one more thing that can help us. Why not draw support line on the chart?In place of touch support line, we have a high probability of a rebound. Although I do not use this method as the basic, I know many people who treat this circumstance as important.But from my point of view, the long position should be opened slightly above the than projected Fibonaccilevel. Also, it should be done just above the support line. I wish you good luck!
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