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mxb1961
Dec 31, 2016 4:09 AM

Live Cattle correcting before next run up Long

Live Cattle FuturesCME GLOBEX

Description

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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