Live cattle - Let the bears take control of the cattle, short.HA candles to make the PA clearer.
PA is in clean downward pitchfork and is nicely oscillating between the upper and lower areas. PA is about to cross the Ichi cloud which could be the start of a short trade. However the lagging span still has some layers to go through before being free. This could occur within the blue ellipse area.
Note the lower support within the pitchfork that could prevent the PA from reaching the lower prong. This is where the TP can take place.
Some fundamentals: www.agweb.com
Some news that could maintain the price flat during the cloud traversal: www.agweb.com
LE1! trade ideas
Live Cattle: Probable Shorts Off Of Hidden Resistance LevelTraders
Probable continuation short here to the lows of the range. Nice shooting star doji type candle with engulfing signal. Quite bearish. Price resisted off ratio confluence and 50MA. Should be a nice trade guys.
Best of luck
Tom
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