albert.callisto
Short

Live cattle - Lets short the bulls, it's a bear market after all

CME:LE1!   LIVE CATTLE FUTURES
50 0 3
It's quite a clean up/down scheme we have here in live cattle             price. The price is still above the cloud so we should not enter a trade now but a twist is incoming and it could attract the price to a lower area. Current Kijun was broken and price, in case of a twist breakout, would reach the first support area at 127.3 with a high probability. This key level will determine whether the depicted trades can be issued with a "M" shaped price and its bearish leg (red arrows).
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