lonercapitalist

Relief rally for LUMBER, but still in a major correction

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CME:LBS1!   None
Lumber had a 5 wave structure to the downside, finishing wave A of an A-B-C zigzag correction. Right now we are in a relief rally as wave B. It is unclear where it will end but the 850 area is an area that may be tested. Regardless, LUMBER is in a bear market and will continue much lower after this relief rally. Will update once wave B finishes.
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