TLT Bond ETF Setup for Reversal to LONG Long
iShares 20+ Year Treasury Bond ETFNASDAQ
Description
⋅ NASDAQ:TLT
On the 4H Chart, TLT is sitting on minor support with major support below that.
It is near to the bottom of open Bollinger Bands and is inclined to move through
the basis line closer to the upper band.
Significant resistance is 5 and 15% upside.
I see a swing long trade with the stop loss below the major support and targets
before the major resistances, yielding a very good reward for risk.
Call options are another possibility to consider.