Elliott Wave Analysis: TLT Has An Unfinished Five-Wave Decline

NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Hello traders and investors!

Today we will talk about TLT treasury bond in which we see very interesting development.

We are observing a bigger A-B-C correction, where a five-wave decline within wave C looks to be unfinished. Currently we are tracking a three-wave A-B-C correction within wave 4) that can stop at the strong trendline connected from the highs, so watch out for another drop for wave (5) of C towards 130 support level before bulls show up.

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