$WOOD it’s not really the season for timber given that it’s in winter and the asset is in a long term bear market on the weekly
However the current accumulation structure deviated the lows instead of breaking down
LTF ema’s flipped bull and broke 200s + working on holding the 7wk ema
So reversal is in play but not yet confirmed, see how this plays out through January
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$WOOD it’s not really the season for timber given that it’s in winter and the asset is in a long term bear market on the weekly
However the current accumulation structure deviated the lows instead of breaking down
LTF ema’s flipped bull and broke 200s + working on holding the 7wk ema
So reversal is in play but not yet confirmed, see how this plays out through January