oreed333

Live Cattle Short Setup

Short
CME:LEZ2018   Live Cattle Futures (Dec 2018)
Price closed at the top of my bearish order block which is a very strong sell signal. With the RSI turning downward and price making one last push up I would expect price to follow momentum downward very soon. Price has also followed the trend line very accurately, which will soon come to a point. The green box around 115.5 is the next target for a bounce. If price doesn't hold the next green box would be target.
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.