Alright folks, today we’re gonna take a look at cattle the ticker is L E on most platforms could be LC depending on which brokerage platform you’re using. But we’re looking at a couple things here. This is a weekly on the left daily on the right, you can see we’re getting double bearish divergence signals on the weekly ie the higher timeframe, which is a very powerful signal. Not only that, you can see that we have a reliable Head and Shoulders top pattern as well. So we have a left shoulder here, we have a head here and we have a right shoulder here. So in addition, we have 123 Top patterns. So all of our favorite tools or confirmation pieces are starting to line up. We have Head Shoulders, top double bearish divergence signals and a 123 top now let me add one more thing to the mix. We have bearish seasonality. So here we are in April. So let me show you this is the start of April right here. And you can clearly see that all of our averages are 515 and 30 year, historical price averages all point to the downside heading into the summer months. So we are gearing up to take a short position in cattle Head and Shoulders Top 123 Top double bearish divergence signals. So what we want to do is set some price alerts, we’re going to be trading the June contract. So we want to set some price alerts down here at will say 133 25 That will give us an alert here to take another peek at cattle and see if we want to take the trade. Now I’m gonna be hosting a free presentation on Tuesday, April 12 at 7pm Eastern called the ripple effect how to be first in line for huge market moves, how to find trades like I just showed you in that cattle setup, that double bearish divergence concept very powerful signals, how to trade reversals with confidence. I’m gonna go ahead and link you to this page. Registration is free and I look forward to see you there
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