TLT Upside Continues: Fractal & Alligator Trade Is Upwards
I have been bullish on-TLT for quite some time.
The technicals point to higher prices as interest rates fall.
The fractal arrow has issued a buy signal.
A buy fractal (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower highs and is followed by two lower highs.
On this 30 minute chart the four indicators above the chart are breaking to the upside:
The lower indicator above the chart is the phase energy, and this has a positive upside zero-line cross-over.
The gray indicator above phase energy is the Coppock Curve, and this has a zero-line cross-over going up.
Vortex is positive, green over red.
RSI / Stochastic (top) is heading north.
The Ichimoku Cloud is rising and has a green border. This indicates a stronger trend.
My opinion is-TLT will continue to grind higher.
Good luck to you in all your trades. Don.
The technicals point to higher prices as interest rates fall.
The fractal arrow has issued a buy signal.
A buy fractal (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower highs and is followed by two lower highs.
On this 30 minute chart the four indicators above the chart are breaking to the upside:
The lower indicator above the chart is the phase energy, and this has a positive upside zero-line cross-over.
The gray indicator above phase energy is the Coppock Curve, and this has a zero-line cross-over going up.
Vortex is positive, green over red.
RSI / Stochastic (top) is heading north.
The Ichimoku Cloud is rising and has a green border. This indicates a stronger trend.
My opinion is-TLT will continue to grind higher.
Good luck to you in all your trades. Don.