TLT - broke out
If past cases work again, a 6 months to 12 months 15% to 30% rally can be expected. Quite likely bottom is forming, and thus good time to scale in. What can go wrong? price dips below 40 week moving average and back in to the downward wedge, that would be the signal to bail.
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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.