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 before bulls show up.
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