©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation).
Conclusion: TLT BONDS continues to move higher, expected at 90.92 - 92.63.
Wave 1-grey may have just ended, and wave 2-grey is starting to move higher as ((a))((b))((c))-navy, expected to target around 90.92 - 92.63.
While price must remain below 94.85 to maintain this Bearish view.
On the other hand, the ALT scenario shows no further push lower, instead, wave (B)-orange has just ended, and wave (C)-orange is moving much higher, expected to reach 101.64. The key to triggering the ALT is a break above the 92.63 level.
Conclusion: TLT BONDS continues to move higher, expected at 90.92 - 92.63.
Wave 1-grey may have just ended, and wave 2-grey is starting to move higher as ((a))((b))((c))-navy, expected to target around 90.92 - 92.63.
While price must remain below 94.85 to maintain this Bearish view.
On the other hand, the ALT scenario shows no further push lower, instead, wave (B)-orange has just ended, and wave (C)-orange is moving much higher, expected to reach 101.64. The key to triggering the ALT is a break above the 92.63 level.
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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.