$10.00 Rally From a 38.2% Fib in a Day, Now What?

$10.00 Rally From a 38.2% Fib, Now What?

Live Cattle

(LEZ25) 

The chart is key to this analysis!

This is an update to the previous article we posted on Barchart.com 

Cattle, $12.00 break from a Fib!

The break mentioned in the previous article came from a 38.2% Fibonacci retracement at 232.85 and it took it the ONE44 Analytics long term target and swing point of 38.2% of the contract high and low at 218.88, this was also a major Gann square. 

Today's low was 218.37 and the high was 228.60 for an amazing rally for one day. We will now be watching 38.2% back to the high to see just how strong, or weak the market is.

This is our update from 11/6/25 for December Cattle from the ONE44 Weekly Grain/Livestock Update.

Livestock

Cattle

December

From last week,

Below 241.07 turned the short term trend negative and the break took out 23.6%, however it never closed below the 226.02 major Gann square, the rally from the low has already hit 38.2% back to the contract high at 232.85 and this will be the key level for the week. Failing to get above it would be the first 38.2% retracement above that turned the market back down in over a year, below it keeps the short term trend negative and we will look for the long term swing point.

Use 232.85 as the swing point for the week.

Below it, the short term trend remains negative and the short term target is the long term swing point at 218.88, this is a major Gann square and 38.2% back to the contract low. A failure ....

The high for the week was 232.97 and the failure to get above 38.2% kept the short term trend negative and it sent it down $14.00 to the long term swing point and major Gann square at 218.88 and this will be the key level for the week. Holding this area keeps the long term trend positive and a good run at the highs can follow, as always we will watch all the retracements above to see just how strong, or weak the market is. Failing to hold 38.2% can send it to 61.8% of the same move.

Use 218.88 as the swing point for the week.

Above it, holding the long term swing point can send this market on a good run back to the highs and the longer term target area is the 241.07 major Gann square and 78.6% back to the 10/16/25 high at 241.90. The short term target is 38.2% back to the same high at 229.40, if this is all it can rally from the long term swing point it is a negative sign. Any rally that can't get above the 226.02 major Gann square is a very negative sign and a new low can quickly follow.

Below it, turns the long term trend negative and the long term target is 61.8% back to the contract low at 201.50. Before then there are major Gann squares to look for support and then use as the swing point when closed below at 211.60 and 204.62.

This is our latest video on how to use the Fibonacci retracements with the ONE44 rules and guidelines

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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.

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