IvanLabrie

TLT: Long, but big short coming next

AMEX:TLT   ISHARES 20+ YEAR TREASURY BOND E
The time at mode trend signal on chart points to a corrective advance of 5 weeks.
There are 4 weeks left in this trend signal, and the target isn't too ambitious, but it's possible that TLT             overshoots it and retests the runaway gap level above, which lines up with an impulse's wave 3 of 3 (and a range expansion bar's 50-75% retracement zone).

Ultimately the trend will resume its direction, which is down. At least that's what I think based on the post pattern reaction after forming what looked like a terminal wedge . The move up materialized, but it's not an impulse, instead it's weaving a contracting triangle of some kind, which points to a cooldown before the next big move down happens.

This rally will correlate positively with S&P500             , as both find their tops in 4 weeks.
There's a significant paradigm shift coming, where will the investors searching for yields go when nothing is certain?
Just something to meditate about...Meanwhile, let's trade the facts, and react.

Regards,
Ivan.
Trade closed: target reached
Amazing brother !!, this guy is high quality!!!
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Hahaha!
I just need a bot that takes my trades, and isn't me because I tend to exit too early, despite forecastin correctly.
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ChimbOt PRO IvanLabrie
scared money don't make money
+1 Reply
Writing that down heh.
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Boom! Bullseye!!
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Nice euphoria and free fall now...
+1 Reply
timwest PRO IvanLabrie
I exited just prior to the spike up on Monday, but still had a position on with this pattern in mind. Well done Ivan!!!
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This was absolutely fantastic!
Hope some of you took the trade.
Update:

snapshot
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Short tlt under the last low.
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