IvanLabrie
Short

TLT: Looking for shorts higher

AMEX:TLT   ISHARES 20+ YEAR TREASURY BOND E
268 3 22
a year ago
If my analysis is correct, we might see a push towards this second wedge like formation's completion once the recent time at mode target zone is hit.
If we move past it, the zone between 126.74 and 128.92 should prove to be an effective barrier against stubborn bulls.

Rgmov has formed a new 2 month high, but the price action indicates the rally is weak, as evidenced by the lower momentum reads, and the volume pattern. Most likely a short squeeze rally leading to a very big short.
Should be interesting to enter shorts once the target is hit, in time or in price (or both).
Currently price is contained between two options expirations s/r levels, which have been respected in the past, and also coincide with the mode of the advances. Keep close watch of these lines, they've proved to be very effective with bonds.

Good luck!

Ivan Labrie
Time at Mode FX
a year ago
Comment: Should resume the downward trayectory now.
a year ago
Comment: Posting a new chart, I'm 85% sure we will see a huge selloff.
a year ago
Trade closed: target reached
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Ok, in. Let's see how it goes.
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timwest PRO
a year ago
DOUBLE-BULLSEYE IVAN - Incredible.
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IvanLabrie TOP timwest
a year ago
Thanks Tim!
Just being systematic with the time at mode as the core of my work.
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