A quick move expected on Live Cattle AUGUST 2019 as it starts approaching a support line of a Triangle

Live Cattle AUGUST 2019 is heading towards the support line of a Triangle and could reach this point within the next 8 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.