TLT should continue to develop higher through 94.84 and 100.57 against the wave (ii) of {c} low of 89.82 following the completion of a perfectly proportioned zigzag wave {b} as well as a distinct diagonal wave (i) of {c}.
Note
Price managed to fall just shy of the 100.57 target but the move higher is unlikely to be over. I expect to see price continue higher through 100.57 against the wave ii low of 91.47. Any downside should remain corrective.
Trade closed: target reached
Price has now cleared our target of 100.57. There is more potential for alot of upside but wave {c} could abruptly end at any time. It is wise to exercise caution from this point.
Jayce, CEWA
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Jayce, CEWA
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.