Corto

Commodities - Lumber Short

Actualizado
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
Operación activa
go time
Operación activa
China Impulse Downturn gives confidence in the trade:
China Credit Cycle & US Markets
Operación activa
On retest, will add to short positions
Operación activa
Lumber confirming a downtrend with a new 20D low: imagen
Operación activa
TP1 hit, no bounce is a signal of broader market reversal
Operación activa
Rocketing straight down. No bounce: imagen
Operación cerrada: objetivo alcanzado
Here is a good level to close the position.
Chart PatternsCommoditieselliotwaveprojectionfuturesLBS1!lumberlumberfuturesWave Analysiswyckoff

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