From the chart we see that a 1.27 extension of a recent impulse wave down hit with perfection. Coupled with bullish MFI divergence its probable that if the recent low holds TLT is getting ready to reverse to the upside. It is recommended for safety to look for a bullish trigger before entering long but with a pre-defined stop-loss/ exit level entry Monday may be warranted.
Comment:
I took profits on my long position today, will watch price action the next few days and re-assess