Satış
Milk fell further into Butterfly Extension
June Milk fell into a Butterfly/Cypher extension Thursday and then rose today. Market not finished with the downtrend. Possible sideways progress from here until proof of direction is determined.
Right now we might have a bearish flag. Again confirmation needed for Monday. This market could extend down into 14.91.
Double bottom extending back into 2016-03-18 is where 14.91 comes. That would be a complete 161.8 extension of butterfly. This would then change the next pattern into a possible Gartley pattern, or to Bat depending on the retracement. Bat retracement to gap would be a little over 50%.
Right now we might have a bearish flag. Again confirmation needed for Monday. This market could extend down into 14.91.
Double bottom extending back into 2016-03-18 is where 14.91 comes. That would be a complete 161.8 extension of butterfly. This would then change the next pattern into a possible Gartley pattern, or to Bat depending on the retracement. Bat retracement to gap would be a little over 50%.
Not
Milk rose up today and pierced resistance. Looking for upward movement to 16.70 for gap. We have seen this up and down play out now for 4 days. Obvious support 15.41. We will see tomorrow if this in fact is going to go up and start making a Butterfly pattern.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.