ew-forecast

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

Short
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.

Be humble and trade smart!
If you like what we do, then please like and share our idea.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
⚠️🚨 10 DAY ELLIOTT WAVE OPEN DOOR EVENT IS HERE*
-- FREE ACCESS TO OUR CHARTS-- 👉 https://ew-forecast.com/register

Comments

Thanks.
Reply
is it still in play? or failed
Reply
ew-forecast coldfire007
@coldfire007, still can be wave (4). Bulls would be confirmed only above 155.
Reply