Milk Moving into its next phase after Shark

Jul 6, 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.

Jul 11, 2017

Note

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

Jul 14, 2017

Note

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.

Jul 20, 2017

Note

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

Jul 21, 2017

Note

Milk fell again heading for C

Jul 22, 2017

Note

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

Jul 26, 2017

Note

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

Jul 30, 2017

Note

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

Jul 31, 2017

Trade closed manually

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.