Feb Live Cattle broke out of a flag pattern today and almost reached 116 and the final leg of the Elliot Wave. If we go back to 2016-08-11 and place another Butterfly, the potential upside could be 119 and then 126. This could extend Elliot Wave position 5 to 119. Beyond that you aren't within Elliot Wave general parameters. This market has touched overboughtness and may be coming to another end. Live Cattle still in the Gann Fann of 1/1
