Mean reversion, le = live cattle, gf = feeder cattle, zc = corn, he = hogs
Gap up at open to consolidation(yellow). Stop hunt(entry 1) dump(entry 2). Retrace (entry 3) long sustained run(entry 4). Continuation of move(entry 5). TP1 1280. TP2 1260. TP3 1230.
At the top of a rising(bearish) wedge inside of ascending bull-flag range. Provides for wonderful R&R. Entry and stop as shown. I am doing 50% now and 50% at another touch of the top of the wedge. Safe trading.
Plain and simple rising wedge on EUFCHF. Purple wedge could turn into orange wedge if pushed higher. Good R&R as with most wedges. Safe trading.
As shown in the chart, there is a possible head and shoulders formation ready to break its neckline. Once it shows a clean break it will most likely confirm under the orange trend line and continue down. This is despite the news about the trade agreement that came out this morning to create the right shoulder. Very good risk reward on this one. Stop above the...