RT Swing Trader Blog | News
17Nov/090

Lean Hog turn bearish after completing bullish cycle

Feb Lean Hogs completed the bullish reaction cycle and have began a trend shift.  The cycle began with the TR pattern on August 19 and ended with a high pivot on the projected reversal swing date of November 2, 2009, where Hogs had reached the reaction line target objective in conjunction with the projected reversal swing date.  The market turned at the confluence of Time and Price and declined to the lower parallel line where it is currently forming the last stage of a bearish TR swing pattern. A trade below the (C) pivot low will confirm the swing pattern and the longer-term TR pattern. This would mark the beginning of a new downward trend.

www.tradersnetwork.com  / www.reversaltracker.com

February Lean Hogs

February Lean Hogs

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