Lanmar
Long

The Case for Milk with a Complete Strategy

CME:DL1!   MILK, CLASS III FUTURES
64 0 6
Obviously you will have to select which targets you feel comfortable with on your own. One thing to keep in mind is target 2 may never get hit, unlike target 1 where there is a clear exit plan.

One way to execute that exit is If target 2 (previous peak in price) does not get hit, keep rolling the futures contract until it does or until stop for entry 2 is reached.

Another way is to close the position if structure invalidates a long position. Or take target 2 at a 382% or 61.8% retracement from entry.

Of course, you could always take target 1 for both entries!

Recent Milk analysis:
https://www.tradingview.com/chart/ZS1%21/ZC1%21/Dd6ZQc33-Milk-Cycles-Opportunity/

Advanced Pattern set-up in line with desired entry.
snapshot


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