TLT still selling off

Sharing fib downside levels to be aware of.
This starts out with a Fib extension tool starting from Dev 07, 2021
Here are the 3 prices if you want to place on your chart.
$155.12
$152.52
$151.47

If we break 93.88, look for more downward pressure toward $90.44. This price may be a turning point. It's very common for price to reversal(for a short time) at 50% between 2 fib levels.

Also, notice that I've placed the fib retracement tool between 2 fib levels from the fib extension tool. If you are a believer in fib, this is very handy as you can observe.

When/if price starts declining, it should move fast as we've gone sideways for a long time. A long sideways move usually leads to a large move in price

Commentaire:

Not a surprise that we're down near fib .382 at $86.99 with a pretty good bounce. I'd rather see a sharper mpve down toward $82.73 and a retracement back up to $86.99. If that happens expect a slow move toward $87 from the bounce at $82.73
Otherwise, let''s see how price action plays out and where this bounce may head .