TLT to double bottom

TLT might revisit the $80-82 range before creating a double-bottom reversal pattern.

Look at the RSI. I bet that the RSI will go down to the trendline and find support before bouncing.

I would start DCAing out from $120 for 40% gain.

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TLT (iShares 20+ Year Treasury Bond ETF) is an exchange-traded fund that primarily holds U.S. Treasury bonds with maturities of 20 years or more. As a result, TLT tends to be sensitive to changes in long-term interest rates.

Why buy TLT?

• Interest Rate Outlook: Investors often purchase TLT when they expect long-term interest rates to fall. Declining rates increase bond prices, which can boost the value of TLT.
  

• Safe Haven: In times of market volatility or economic uncertainty, TLT can act as a defensive holding, because U.S. Treasuries are generally considered lower risk compared to stocks.
  

• Portfolio Diversification: Adding TLT to a portfolio can help diversify equity exposure and potentially reduce overall volatility.