BULLISH ON TLT and the DOLLAR

Dec 11, 2021

This will be an idea i have to explain below

So sorry for the busy chart on the left

On the right we have the DXY showing a classic pitchfork reversal- ABC pivots and price reversing before it gets to the median line which bisects BC from A

TRADE AT YOUR OWN RISK

Dec 11, 2021

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First thing i'll say is tlt usually runs with the dollar and they don't diverge for long so if you are bullish on the dollar mid term it's difficult to be bearish on TLT

Dec 11, 2021

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weekly

Dec 11, 2021

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it's currently trying to establish price and volume support at this level

Dec 11, 2021

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BIG PICTURE

Dec 11, 2021

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Since the GFC: TLT has had: circa 4 year, back-to-back- bullish cycles

within these cycles we can see typical 5 pivot moves followed by an ABC type corrective move

I believe TLT is now at the start of another bullish move up (towards a 3 pivot- ie Elliott Wave 3)

I am not a believer in Elliott wave theory per se but i do believe most impulsive moves have 5 key pivots

This sort of move we are expecting upto a 3 pivot could take price to around $200, but there maybe a corrective wave making a 3,4,5 instead

If the above happens then inflation will indeed have been 'transitory'

Trade safe and at your own risk

G.R.I - Dec 2021

Dec 11, 2021

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epbmacroresearch.com/blog/fiscal-stimulus-the-economy-s-third-strike