April Live Cattle continues inside the bullish flag and has hit the upward trend line. CCI has been breached. No clear sign of a continued uptrend, or a downtrend off of the completed Cypher pattern. Support is at 114.825 point X of the Cypher pattern.
Small body candle Friday may be indicating reversal as it has in the past, however, historically, Cattle moves lower in February to May. This flag may go sideways. In the long run, look for double top reversal, or continued downtrend.
Small body candle Friday may be indicating reversal as it has in the past, however, historically, Cattle moves lower in February to May. This flag may go sideways. In the long run, look for double top reversal, or continued downtrend.
Commento:
Live Cattle dumped today along with a lot of other markets and created a gap. Cattle is now below the 20 day moving average and is looking for more downside. Next target 112
Commento:
Live Cattle is making three black crows pattern for lower lows.
Commento:
Live Cattle ended the day on a doji, still possible for another down day tomorrow on doji continuation.
