The Key Fibonacci Retracements to Keep the Trend Intact, 23.6% & 38.2%, New Video!

The chart is key to this analysis.

As we point out in the video, every setback since the August Cattle Bull run started on 9/9/24 has held either a 23.6%, or 38.2% retracement. The dates of these setbacks are 11/1/24, 12/19/24, 3/4/25, 4/9/25, 5/15/25 and 6/26/25. The last one was a combination of 23.6% back to the contract low and 38.2% back to the 4/9/25 low.

This is last weeks update for August Cattle,

7/24/25

Cattle

August

From last week,

The rally from the 217.47 hit the next major Gann square at 224.44 and this will be the key level for the next week. The market has given no sign yet that the rally is over, so we will be watching the tightest retracement for the first sign of a change.

Use 224.44 as the swing point for the week.

It has now had 3 closes above the 224.44 major Gann square and swing point for the week, this will again be the key level for the week. All the Below levels have moved up.

Use 224.44 as the swing point for the week.

Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are  232.52 and 240.46.

Below it, the short term target area is 213.75 to 212.50, this is 23.6% back to the contract low, 38.2% back to the 4/9/25 low and a major Gann square. The long term swing point is now at 205.00, this is 38.2% back to the contract low and a major Gann square. Any setback that holds the 217.47 major Gann square keeps the trend extremely positive, this is also 23.6% back to the 3/4/25 low.

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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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