watch out for the box area for turning point to the bearish
im looking for a bigger leg 13 up. stay tune.
long target in the box area. but the bigger structure is going down.
short term long to our target. we shall see how price react on our fib level
im currently looking for a short position at the blue box area.
but first lets look out for correction of wave 4 then buy.
lumber almost hit out equal leg. im looking for at pullback once it reached $369
There are two possibilities of this move as show in 2 different colors of arrows
I belive wave C will at least ended at 1.0095 base on wave projection
I belive oil complete its C wave around $30. We shall see price to rally up to wave A (marked buy blue box) in later months.
My ultimate target for this index is the blue box. Then we go south.