Commodities - Lumber Short

23 May 2021

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

25 May 2021

İşlem aktif

go time

30 May 2021

İşlem aktif

China Impulse Downturn gives confidence in the trade:

2 Haz 2021

İşlem aktif

On retest, will add to short positions

8 Haz 2021

İşlem aktif

Lumber confirming a downtrend with a new 20D low:

16 Haz 2021

İşlem aktif

TP1 hit, no bounce is a signal of broader market reversal

25 Haz 2021

İşlem aktif

Rocketing straight down. No bounce:

24 Ağu 2021

İşlem kapandı: hedefe ulaştı

Here is a good level to close the position.