Feeder cattle update… it's a grinder!

Thought we had her this morning but… not so fast. Bummer! 

While the daily feeder cattle chart looks a bit like we are still in a w 3 of the third wave higher , with the w4 and 5th wave yet to come of the impulse. 

The weekly chart appears a bit different. By different,  I'm seeing 5 waves up  that looks very close to topping out and ready to begin a deep complex correction in a possible wave 4. 

You will see that the trendlines drawn between wave 1 and wave 3 intersect at the highs today with a small throw over. Usually wave 5s like to end in these areas.  (What I'm now looking to see is 5 waves down on a intraday chart) just have to wait on this one