June Live Cattle Moving Lower

June Live Cattle fell off the Cypher pattern and moved under the 20 day moving average to close near 38.2% retracement. Possible continuation lower to 50% retracement, then 61.8. Found first support from position 3 of the elliot wave. Next major support at 71.8 level created at th AB leg of the Cypher pattern at 101.050 and July 22 of last year.