Olu
Short

Lean Hogs: Price could get slaughtered from here

CME:HEG2016   LEAN HOGS FUTURES (FEB 2016)
30 5 3
Comments on the chart
Kommentar: We have had the breakdown from the structure and price could be doing a retest of the underside of the structure. This idea us toast if 62 is taken out. By the way the rest of the meats are flying upwards while this one is not doing so as much. Hint of more bearishness?
Kommentar: Closed out my trade for a loss just now. I am bearish but the market is saying different. I am not in the business of taking on the market
im bull here
Antworten
Olu LEONES
I hear you Leones. The only thing keeping me bearish is the EW principle that the the move up from the 54 low is in no way impulsive. If it is not impulsive then it is corrective. If it is corrective then the whole corrective move will be retraced - and more
Antworten
why the move up is not impulsive and it is corrective?
Antworten
Olu Olu
In EW terms an impulsive move will show clear advance not a choppy and overlapping one like I think it is here. The only allowed overlapping pattern in EW that can have overlapping waves is an ending diagonal which this upmove is not. In any case I have a tight stop so the damage will not be too much if I am wrong
Antworten
Olu LEONES
Also the other meats will soon start a retracement imho
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden