Live Cattle is building out a possible Shark Pattern. Next downside target at 114.625 before continuing up.
Note
Live Cattle just above the 20 day moving average and pivot. Looking for confirmation tomorrow for possible continuation upward trend. 114.600 becomes support. Next upside target 119.800. Fail is if candle solid body is under the pivot at end of day.Note
Live Cattle still using pivot as support. May see mixed trading Friday. Possible renewed upsurge Monday.Note
Cattle surge today. Upside target for Monday 119.800, then 123.025 if bulls can push it up that far.
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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.