Milk Moving into its next phase after Shark

6 lug 2017

September Milk consolidated for a few days and now is looking like it may start to rise. Initial projection is a bearish Gartley. Next upside target is the 20 day moving average around 16.83. Milk is still looking bearish, but require confirmation on the 20 day.

11 lug 2017

Nota

Milk fell through Gartley into a C position for a bearish Butterfly. Downside target at 16.06

14 lug 2017

Nota

Milk created a bullish flag on Thursday. Spinning top Doji today. Will see if upswing can occur on Monday, although these many dojis could turn Milk down for another run at a different C position.

20 lug 2017

Nota

Milk using 16.47 as support. September fell through its support and may go lower or rebound.

21 lug 2017

Nota

Milk fell again heading for C

22 lug 2017

Nota

Milk hit C position. Milk could continue down to 15.44 where it was May 12 2016

26 lug 2017

Nota

Milk rebounded off C. Upside target 16.98. Milk could still fail here and go back down. Stay cautious.

30 lug 2017

Nota

Milk moved higher up off of bullish flag. Next upside target resistance at 16.73

31 lug 2017

Trade chiuso manualmente

Milk hit 16.73 on the nose but looking like it will finish the day with a tomb stone. Milk maybe running out of steam. Will now be moving to the next forward contract.