3x Inverse TLT ETF: Breaking Out of Descending Broadening Wedge

AMEX:TMV   Direxion Daily 20-Year Treasury Bear 3X
The Inverse ETF for the 20-Year US Government Bond is currently breaking out of a Descending Broadening Wedge and is looking to go much higher perhaps between the 61.8% and 78.6% retraces which would be about a 500-1,400% percentage gain which also means that longer end bond yields are going much higher.

I previously said I would repost this chart after the split so that the numbers would be accurate, and now that split has happened. I have my eyes on the $36 to hold and am currently looking to get some calls for that strike price expiring next year.

It's worth noting the Partial-Decline we got before breaking out of the Broadening wedge, which makes it more likely to play out.


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