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December Live Cattle Bearish Cypher

Short
Live Cattle Futures (Dec 2018) (CME:LEZ2018)  
hopscotch Updated   
CME:LEZ2018   Live Cattle Futures (Dec 2018)
Pivot Points Three Drives Cypher
1
0
pivotpoints threedrivespattern cypherpattern
New pivots for Live Cattle. Now projecting Bearish Cypher. Cattle was in a three drives pattern and the fall today may signal further downside to S2 at 106.475. Cattle made pivot today at 111.050. First target is uptrend line at 109.050. Cattle is under the 20 day MA.
Comment:
Cattle broke S1 yesterday. Cattle may fall to S2 at 106.475
Comment:
Cattle broke upwards off of S2 and went through pivot. Upside target S1 at 113.900 putting it back at it's previous top two weeks ago. 20 day MA has been breached.
Comment:
Live Cattle mini head and shoulders has appeared.
Comment:
We are still in a H&S on Live Cattle.

snapshot
Comment:
Next target neckline at 110
Trade closed: target reached
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