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Commodities - Lumber Short

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

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