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:
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On retest, will add to short positions
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Lumber confirming a downtrend with a new 20D low:
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TP1 hit, no bounce is a signal of broader market reversal