Although the Lean Hogs moved higher than 88.6 at the C position, it is still within reason calling this a Bullish Gartley pattern. Hogs went to doji today. Looking for rebound starting between the S2 and S3. Hogs could dig down deeper to 57.5. RSI is overbought but could still see some more downside. Waiting for a surge solid up bar for buy.
Comment:
Hogs produce a bullish move today. Might see an upward push before setting down again.
Comment:
Hogs continue downward. Target S3. Has achieved bullish Gartley but we could see more downward movement beyond S3. Turn over of PIvot coming due at end of week. Full on target could be 55 previous October price low.
Comment:
Hogs showing another rebound. Waiting for confirmation Thursday for possible hammer or a big buy. Gartley has now turned into a bat pattern. Still wouldn't be shocked to see further downside to 55.
Trade closed: target reached:
Hogs another day of rebound, but sold back to 50%. Could slow here and start falling again. Upside target could be S2 or S1. New pivots tomorrow. This will show lower S2 and S3
