Elliott Wave Analysis: TLT Has An Unfinished Five-Wave Decline
Hello traders and investors!
Today we will talk about TLT treasury bond in which we see very interesting development.
We are observing a bigger A-B-C correction, where a five-wave decline within wave C looks to be unfinished. Currently we are tracking a three-wave A-B-C correction within wave 4) that can stop at the strong trendline connected from the highs, so watch out for another drop for wave (5) of C towards 130 support level before bulls show up.
Be humble and trade smart!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Today we will talk about TLT treasury bond in which we see very interesting development.
We are observing a bigger A-B-C correction, where a five-wave decline within wave C looks to be unfinished. Currently we are tracking a three-wave A-B-C correction within wave 4) that can stop at the strong trendline connected from the highs, so watch out for another drop for wave (5) of C towards 130 support level before bulls show up.
Be humble and trade smart!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Explore our services
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Publications connexes
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.