Olu
Long

Lumber: Bullish

CME:LSF2016   LUMBER FUTURES
25 1 1
Comments on the chart
Comment: Price is behaving according to the original idea. Once the wave 3 high is cleared...
Comment: Price still behaving as expected
Comment: I think we have a truncated 5th here. It is a very rare occurrence in EW. I am now bearish to new lows. There is a H&S on the intraday chart with a target of 240.

Related Ideas

I think short to the MA50 (248)Bear divergence on the MACD but you could be right.It could be an Elliot wave and last swing high. ..Good luck and a good tradingweek Olu...
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