Joseph_King

Live Cattle Elliott Wave Idea

CME:LE1!   Live Cattle Futures
Live Cattle futures appear to be coming to and end of a multi year correction phase.

If WXY completed at $94.6 then the motive phase may already have begun, however, if the $130 highs seen during 2017/18 were just X2 of WXYXZ then price may fall further; in WXYXZ Z must be equal or longer than X2 which suggests a double bottom at $94.6.

Some details on the waves:

Wave 1; appears to be a leading diagonal >

An ending diagonal for wave 5 of 5 (of 1) >

The big WXYXZ; made up of multiple 3 wave ( ABC ) structures >

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out