Lean Hog Futures Form 1-2-3 Top Formation?

As you can see in the Daily Lean Hogs chart below, Lean Hog Futures have been forming a beautiful 1-2-3 Top over the past couple weeks and now we are just waiting for prices to fall below the #2 point of 123.00 before we short this market.  Our target will be the 50% Retracement Level on the Daily chart of 115.5, which gives us plenty of profit potential.  Stay tuned!

Daily Lean Hogs

 

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