Commodities - Lumber Short
Updated
Idea for Lumber:
- Lumber has a good short setup.
- By Elliot Wave Theory, correction needs another wave down.
- Possible continuation on downtrend, if Wyckoff Distribution is confirmed.
TP1: 1100
PT: 400
GLHF
- DPT
- Lumber has a good short setup.
- By Elliot Wave Theory, correction needs another wave down.
- Possible continuation on downtrend, if Wyckoff Distribution is confirmed.
TP1: 1100
PT: 400
GLHF
- DPT
Trade active
go timeTrade active
China Impulse Downturn gives confidence in the trade: 
Trade active
On retest, will add to short positionsTrade active
Lumber confirming a downtrend with a new 20D low: Trade active
TP1 hit, no bounce is a signal of broader market reversalTrade active
Rocketing straight down. No bounce: Trade closed: target reached
Here is a good level to close the position.
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