mxb1961

Live Cattle correcting before next run up

Long
CME:LE1!   Live Cattle Futures
It looks like Live Cattle is pausing to correct before next run up. On the 2hr renko chart (blksz .50), the charcoal box represents what the 5min renko (blksz .25) expands out to. I think that the 5Min will need to go through a corrective cycle prior to price continuing up.

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