Commodities - Lumber Short

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 active:

go time

Trade active:

China Impulse Downturn gives confidence in the trade:

Trade active:

On retest, will add to short positions

Trade active:

Lumber confirming a downtrend with a new 20D low:

Trade active:

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

Trade active:

Rocketing straight down. No bounce:

Trade closed: target reached:

Here is a good level to close the position.