Friday, September 23, 2022

Live Cattle Futures ( LE1! ), H4 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance : 147.900 Pivot: 144.275 Support : 141.100Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is.Alternative Scenario:Alternatively, price could break pivot structure and drop to the 1st support at 141.100 where the overlap support is.Fundamentals:No Major News

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/live-cattle-futures-le1-h4-potential-for-bullish-rise-23"
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