Get started
gmaster29

TLT @ Triple junction MEGA support - Technical bounce to $115

Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT)  
gmaster29  
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Trend Analysis Chart Patterns TLT bonds fed
3
0
trendanalysis chartpattern tlt bonds fed
TLT has been in downward channel since COVID 2020 highs. Currently it's hitting at a MEGA technical level which has conjunction of triple support trendlines as shown in the chart. TLT might go down till $104 before a short term technical bounce to $115-$116. However my medium to long term target for Treasury bonds is $95 and $85, with Fed increasing interest rates, bonds will be out of favor for some more time.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.