LE1! Futures ( LE11 ), H4 Potential for Bullish Continuation

Title: Live Cattle Futures ( LE11 ), H4 Potential for Bullish Continuation
Type: Bullish Rise
Resistance: 159.175
Pivot: 157.875
Support: 155.375

Preferred case: Looking at the H4 chart, my overall bias for LE1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to continue heading towards the resistance at 159.175, where the previous swing high is.


Alternative scenario: Price could head back down to retest the pivot at 157.875, where the 38.2% Fibonacci line is.

Fundamentals: There are no major news.
Harmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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