Continuous Cattle: The gray vertical bars represent the expiration month of labeled contract and have prices of each contract as of today labeled. The 2019 low has provided a pivot for a parallel uptrend line (highlighted in yellow) that has acted as a strong magnet since moving up off the covid crash low. Any of the lines could act as support/resistance. ...
Long-term chart, price has started a decline that has a potential for -50% from the local high.
Corrective pattern in the middle is a flat correction with s complex wave b.
Hope this is helpful. Meanwhile, looking at wheat futures, will update next
Cattle, Corn, and S&P 500: The fundamentals may be different now compared to in 2008, but I think these 3 markets are well intertwined. The effect of a major drawdown in the equities could impact all markets for a time. It sure seems that Cattle have some strong fundamentals to make a run up as it did from 2010 to 2014, but the timing of when that potential...
Locally momentum is shifting and forming an inverse Head + Shoulders here could see the price drop but overall i had the price going to $163 at the PCZ of the harmonic
in the chart for long time period at first step, simple cypher pattern exists. tow next price is explainable by shark pattern. the second price target is 160 $ and the third one is 181$. as you see in the chart price reacted to first price target perfectly. but with considering trading volume I can say it's just a retrace and second target is reachable.
Live Cattle Long Idea For 2022.
Study Purposes.
**Gosh, that’s a very brief description. Could you please tell your audience a little bit more about what you’re publishing.**
Weekly Cont. Cattle: So far the Parallel uptrend line based off the 2019 low has proved to be a strong action/reaction line. The longer price holds to this line the stronger the bull run is. The Red uptrend line off 2020’s low must hold to continue a stable (potential bull) market for live cattle. Any of the lines on the chart could act as support/resistance...
Weekly Cont. Cattle: So far the Parallel uptrend line based off the 2019 low has proved to be a strong action/reaction line. The longer price holds to this line the stronger the bull run is. The Red uptrend line off 2020’s low must hold to continue a stable (potential bull) market for live cattle.
Any of the lines on the chart could act as support/resistance (or...
Weekly Cont. Cattle: So far the Parallel uptrend line based off the 2019 low has proved to be a strong action/reaction line.
**Cycle high/low targeted the week of 3/29 and appears to have done the job. Next cycle date will target the week of (or around) 8/02 to place a swing high or low….Range bound support is the gray bubble and resistance is the Yellow...
Weekly Cont. Cattle: So far the Parallel uptrend line based off the 2019 low has proved to be a strong action/reaction line. Currently working as a magnet with last week’s close right on it.
**Cycle high/low targeted the week of 3/29 and appears to have done the job. Next cycle date will target the week of (or around) 8/02 to place a swing high or low….Using...
Long and short LE1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
Weekly Cont. Cattle: The shaded boxes represent the previous 4 years of price action. Observe: Price trends up into early February. Cattle broke resistance against the (dashed) downtrend line and is attempting to break above the (solid) uptrend parallel line.
A break above the solid up trend parallel will be fighting the larger structure of a long term bear....
Likely to see price drop in this and next week
Looking for potential buying set up at the start of 2nd week of december.
remain bullish bias unless price breaks below 102.5
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of...
LE1!
Potential long trade here on cattle, rejection off the 0.786 fib extension, though there is some trendline support potentially, so this can be longed on the trend, or if trend is broken, short. Be fluid, be water when trading. Limit bias and trade what you see.
Hi friends
the daily chart of this market shows that it will experience a downtrend in the next few days with a very high probability at the same time it is better to be vigilant of the change of direction towards the opposite
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