CME:LEJ2019   Live Cattle Futures (Apr 2019)
Cattle formed a head and shoulders. Has now crept below the neckline. Target is pivot at 126.450. Outside target for right shoulder S1 at 124.150 or my imaginary uptrend line just above. December Cattle also building out H&S, but that market hasn't completed pattern. If it can break pivot then we should see continued selling. Pivot right now has become support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.