Feeders 61.8% to 61.8% It Is All Fibonacci

Feeder Cattle

(GFF26) 

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.

The second is Fibonacci retracements.

Here 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.

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. This is the latest.

Feeder Cattle

January

From last week,

This week's low traded below 61.8% at 302.75, but never closed below it and this will be the key level for the week. The long term target from there is 61.8% the other way based on the ONE44 61.8% rule.

Use 302.75 as the swing point for the week. 

Above it, the short term target is also the short term swing point at 330.20, this is 38.2% back to the 10/16/25 high. The long term target is 61.8% of the same move at 349.25, (ONE44 61.8% rule). 

The rally from 61.8% at 302.75 now has two closes above 38.2% at 330.20 turning the short term trend positive and it will be the key level for the week. We will be looking for the completion of the 61.8% (302.75) to 61.8% above based on the ONE44 61.8% rule.

Use 330.20 as the swing point for the week.

Above it, the short term target is the 61.8% level back to the contract high at 349.25 (ONE44 61.8% rule), there is also a major Gann square at 351.68 for added resistance. The long term target is 78.6% of the same move at 363.00.

Below it, getting right back below 330.20 will turn the short term trend negative again and a test of the low can follow. The short term target will be 78.6% back to the 11/25/25 low at 307.85, this is also a major Gann square. The long term target area is 78.6% back to the contract low at 282.10 and the 278.97 major Gann square, this price is also 38.2% on the continuation chart and a key long term level. Any setback that holds the previous major Gann square at 322.11 would be a strong sign and new highs for this leg up can follow.

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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