A look at the 38.2% Fibonacci retracement with the ONE44 rules and guidelines.
(ZCK26) (ZWK26) (LEJ26) (HEJ26)Â
ONE44 38.2% rule
The 38.2% retracement is the single most important and is the level we use for the "Golden Rule". This rule being, "Â any market that is going to keep its current trend must hold 38.2%". As long as it does the trend will continue and it should make new highs/lows from that retracement.
We highlight this retracement this week as it is what is key to Corn, Wheat, Live Cattle and Lean Hogs. Â
In Corn it took out 38.2% at 441.00 to turn the short term trend positive. The high on 3/2/26 allowed us to retrace back to the 1/13/26 low giving us a new 38.2% level to watch to keep the short term trend positive. This level was 442.50 and as of right now it is holding and this keeps the short term trend positive.

Wheat has held 38.2% on each setback since the low on 1/2/26. The last one was yesterday at 569.00, this is the level that needs to hold to keep the short term trend positive.

In Live Cattle the low for the week held 38.2% of the 11/25/25 and 2/4/26 high at 229.60, keeping the long term trend positive. This level was backed up by the 230.02 major Gann square and it has already rallied $10.00.

Lean Hogs held above 38.2% of the 11/21/25 low and 2/4/26 high at 90.30 which was also a major Gann square and it has rallied $6.00 so far.

For each of these markets we will be looking for them to make new highs, however as always we watch all the retracements on every move to see just how strong, or weak the market is regardless of the longer term target. The key level above will be 78.6% back to the current highs as a failure to make a new high in this area can cause one of two things, or even both,
ONE44 Analytics 78.6% rule.
Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.
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.
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