The Price Of Wood Could Already Have Started To Rise
@Elliottwave_Forecast：
The Price Of Wood Could Already Have Started To RiseNovember 14, 2022ByEWFLuisWOOD tracks the S&P Global Timber & Forestry Index, a cap-weighted index of the 25 largest forestry firms around the world. The fund starts with all the eligible securities from the S&P Global BMI that are classified under agriculture, forestry, homebuilding, and paper industry.ETF WOOD Daily ChartETF WOOD ended an uptrend cycle in May 2021 reaching the 99.05 level. Since then, it began a corrective movement that was oscillating sideways for a year and then turned down. We have called the structure of this retracement a double correction ((W)), ((X)) and ((Y)), which ended in September 2022. (If you want to learn more about double correction or Elliott Wave Theory, follow these links:Elliott Wave
