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.