TradingView
Olu
Dec 13, 2015 7:39 PM

Lumber: Bullish Long

Description

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.
Comments
johan.verm
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...
More