Head & Shoulders Topping Pattern Taking Place In Beef Prices?

August 20, 2014 7:21 AM

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Head & Shoulders Topping Pattern Taking Place In Beef Prices?

Unless you live under a rock, you are well aware that beef prices are much higher at the store. Feeder cattle prices are up 25% in just the past four months!

Could a head & shoulders topping pattern be forming in the cattle market? Possible! 

If this pattern read is correct, the neckline is being tested right now. To prove this pattern, the neckline needs to fail as support. Should the neckline fail as support, beef prices should end up being lower in time!

See us at Kimble Charting Solutions.

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