TLT - Reverse head & shoulders forming
Reiterating my long stance on bonds. I see two possible outcome which could ignite TLT back to its previous high.
1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up
2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of safety. AKA inflows into the Dollar and possibly bonds
So for those reasons I'm fairly confident the price will stable here and I am expecting a trend continuation.
1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up
2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of safety. AKA inflows into the Dollar and possibly bonds
So for those reasons I'm fairly confident the price will stable here and I am expecting a trend continuation.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.