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BlueHatInvestor

TLT ~ Have US Yields finally topped? (Weekly / Nov 2023)

Ishares 20+ Year Treasury Bond ETF (BATS:TLT)  
BlueHatInvestor  
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
Trend Analysis Supply and Demand Fibonacci TLT tltanalysis US20Y bonds bondyields fixedincome chartanalysis Technical Analysis parallelchannels
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trendanalysis supplyanddemand fibonacci tlt tltanalysis us20y bonds bondyields fixedincome chartanalysis technicalanalysis parallelchannels
TLT chart mapping/analysis.

Note: TradingView chart dividend adjusted.

  • Price action bouncing off Golden Pocket (66% Fib) support
  • Heavy trading volume = institutional activity (ie positioning?)
  • Rejection wicks on previous weekly candles = selling pressure still present (correlation with long-end yields holding strength)
  • Looking for re-test of lows + bounce to confirm double bottom support base established for bullish momentum.
  • Inverse play = price action engulfs previous candle, completes gap partial-fill + taps overhead resistance aka descending trend-line (light blue dotted).
  • Institutional short-squeezes could still be active - complimenting inverse play thesis.
  • Failure to break above/below either trend-lines = price action continues to contract until eventually ripping in volatile fashion in either direction.

Set alerts - monitor US yields - wait for trade to set up in your favour.
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