Type : Bullish rise Resistance : 151.925 Pivot: 146.650 Support : 143.300
Preferred Case: On the H4, with price moving in an ascending trend and trading above the ichimoku indicator, we have a bullish bias that price may rise from the pivot at 146.650 where the previous swing high sits to the 1st resistance at 151.925 where the 161.8% projection sits
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 143.300 where the swing low, overlap support and 38.2% retracement sits
@Genesiv Hi, would you be willing to please offer your updated thoughts on Live Cattle? It obviously rallied steeply right after you posted this, but I'm looking for support and hopefully correction ending soon.