Benny Manieri says Live Cattle futures in stagnant consolidation
But they do offer an opportunity....
We see the Cypher pattern (highlighted in blue) that recently completed and that Live Cattle is in consolidation, basically banging around inside a channel locked between 141s and 118s.
We have a bullish bat pattern (hot pink) that completes right at the 118 even handle structure level. I'm looking to buy up two contracts then to the highlighted targets. Frontrunning orders to ensure fills.
We see the Cypher pattern (highlighted in blue) that recently completed and that Live Cattle is in consolidation, basically banging around inside a channel locked between 141s and 118s.
We have a bullish bat pattern (hot pink) that completes right at the 118 even handle structure level. I'm looking to buy up two contracts then to the highlighted targets. Frontrunning orders to ensure fills.
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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.