TLS has been on a downtrend since 2015. It looks like it has now completed its ABC correction right to the 78.6% retracement mark. There is a five wave pattern within it's most recent downtrend, shown within the dotted downtrend channel. As TLS has now looked to have completed its ABC correction after a strong run up from 2010 to 2015, it looks to have now started a new market cycle. Be on the look out for the downtrend channel to be broken and for the trend line to be a possible new support.
Note
Trend line invalidated - still looking to break the downward channel.
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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.