Lebendvieh Futures

LE - Live Cattle (4hr chart)

8
I'm learning that few people turn their phone to landscape mode to see the chart replay. Use Desktop mode or an actual desktop computer.

Maybe when pigs fly?

Live Cattle are wandering down to the yearly level for cheaper pastures.

BS/FS levels are support unless solid lines

Inv. BS /inv. FS levels are resistance unless solid lines.

single dotted is a tested level
dashed is untested
2x dotted is an origin level where a trend originates.

BS levels are always marked on the top of the first distribution candle when there are 2 or more distribution candles in a row (aka distribution range)

FS levels are always marked on the topside of the last distribution candle in a distribution range of 2 or more candles.

the inverse is true for the Inverse BS, Inv. FS levels but they are marked on the bottom-side of the accumulation candles.

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