JimFred
Short

Feeders monthly chart is poised to breakdown

CME:GF1!   FEEDER CATTLE FUTURES
79 5 3
Feeders monthly has reached the top of a fibonacci accordion. It is poised for a break, imho...
JimFred PRO
2 years ago
This screenshot does not accurately reflect my screen. Put an accordion on your monthly chart and you will see that the recent high exactly hit the top of the accordion...
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LEONES PRO JimFred
2 years ago
lets' sell this feederbe before the slaughter!
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Olu
2 years ago
what goes up must come down at some point and the break in this one will be hard
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JimFred PRO
2 years ago
Amazingly, this one broke through resistance. The next likely top is ~ 237, with a likely turn in Feb 2015. I reversed to long.
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Olu JimFred
2 years ago
You are right. I changed my mind as well bu forgot to come and feedback here. I think we are doing the 5th EW move here and still has a lot of room and intention to go up. I also agree that this move up can be bought and once that top is in the fall shouldl be hard
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