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AndyM
Apr 26, 2023 4:45 PM

Wave 4 in TLT is almost over Short

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

I still cannot confirm that the triangle in wave 4 has ended. Triangles take time to develop, but once they are over, wave 5 almost always takes less than 0.618 of the duration of wave 4 to compete.

If W4 ended today, then the crash in Treasuries should end before 23 Aug 2023: by that time we will see 10Y at 10%.
Comments
TylerJordan69
TLT is going to $120
bjorn2z
10Y year yield will be stuck at around 3.5 for the next few months with inflationary and recessionary forces offsetting.
How/Why would the 10Y yield jump to 10% in the next four months? Your bearish TSLA structure looks like it will be exactly correct. This TLT call with 10Y yield 10% by Aug 2023 seems not as good.
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