Panjang
Feeder Cattle - Testing resistance near 159.00
The expanded flat correction in wave 4 continues to unfold as expected and should ultimately make it higher to the ideal target near 170.00.
Short-term Feeder Cattle is testing solid resistance near 159.00, which might cause a consolidation, but ultimately this resistance should be broken for the expected rally higher to 170.00 to complete wave C of 4 and turn prices lower in wave 5 to below 118.90.
Only an unexpected break back below support at 151.75 will indicate that the correction in wave 4 completed early and wave 5 is developing.
Short-term Feeder Cattle is testing solid resistance near 159.00, which might cause a consolidation, but ultimately this resistance should be broken for the expected rally higher to 170.00 to complete wave C of 4 and turn prices lower in wave 5 to below 118.90.
Only an unexpected break back below support at 151.75 will indicate that the correction in wave 4 completed early and wave 5 is developing.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.