EliteTrader101

20 year treasury bond TLT Collopse

Short
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
This Trade setup is called a 333 trade because it has 3 legs down and the 3rd leg has 3 bars down on these 3 month charts. I'm expecting a large final bar down over the next few days/weeks. It may end on 3 days of drop like it did on Black Monday, where the 3rd day had a 20% drop or it may last for a week or two.
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