AMEX:TLT ISHARES 20+ YEAR TREASURY BOND E
After forming a positive diverging TLT is now above the 50 with a convincing candle. On a weekly frame the Fisher 34 formed an inverted head & shoulder pattern. The 2 near term targets are the .236 and .382 Fib levels.This is one my favorite trend following system. Idea based on Darryl Guppy's multiple moving averages methodology. With this system many false signals can be avoided by implementing multiple time frame analysis and using significant divergences as early entry or exit signals.
First wish granted. Second wish, follow that blue dotted line on @nmike chart till Oct. 02