Feeder Cattle

April

(GFJ25) 

The chart is key to this analysis.

Even if you don't want to read the analysis all you have to do is look at the chart to see the importance of the major Gann squares and Fibonacci retracements.

There are two methods we use at ONE44 to find support and resistance in the markets.

The first are major Gann squares, these are the yellow horizontal lines on the chart. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

The chart is so very important to see exactly where this market is finding support and resistance.

The low on 9/9/24 held the 226.40 major Gann square and the rally from it took it to the 248.60 major Gann square on 10/14/24. The setback from there held not only the 240.80 major Gann square, but also 38.2% back to the 9/9/24 low at 239.60. The market went on to new highs as would be expected when holding a 38.2% retracement (ONE44 38.2% rule). The next setback in December held the 256.00 major Gann square and 38.2% back to the 10/31/24 low at 255.50. This also sent it to a new high at 279.02 on 1/29/25.

The setback from there held the 263.80 major Gann square and 38.2% back to the 10/31/24 low at the same price. The rally again made a new high that eventual stopped at the 288.80 major Gann square.

The setback from there held above the 280.20 major Gann square before hitting 78.6% back to the 3/21/25 high and 288.80 major Gann square. Following the the ONE44 78.6% rule, this is where a lot of Bull market end. The break on Friday hit the 280.20 major Gann square and  38.2% back to the 2/11/25 low at 279.60. This will be the swing point for the week.

Above it, getting right back above the 280.20 major Gann square is a strong sign and the target is the previous major Gann square at 288.80.

Below it, look for the area of 38.2% back to the 9/9/24 low at 265.30 and the 263.80 major Gann square. Any setback that holds 23.6% of the same move at 275.00 keeps the trend extremely positive and a new high can quickly follow.

We have done 45 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.

ONE44 Analytics where the analysis is concise and to the point

Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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