Lumber, Looking For Upside

12 Eyl 2021

Lumber may have completed a corrective structure (counts well as one). Unknown whether it is the first of two legs, or two legs already complete. Conservative interpretation thus aims for a 3-wave move to the orange box from here.

13 Eyl 2021

Not

There is a typo on the chart. It's not C = A, it's C = 2x A at that level; nevertheless the point is the same, it's a good relationship.