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

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