On the weekly chart you can see that a push down to 290 would be very possible where wave A would equal wave C if this is playing out to be a wave 4 triangle. ( you can see this better on the weekly chart below ) the 200 day moving avg on the weekly chart comes in at 296 n change . my targets if a wave 4 triangle would be around the 365 area in a D wave. My only requirements for this trade is we must not move into the price range of 270.20
Weekly Lumber chart |
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