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TLT- Are rate cuts postponed? LONG
Ishares 20+ Year Treasury Bond ETF
Long
TLT- Are rate cuts postponed? LONG
By AwesomeAvani
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Updated
Apr 5
4
Cheer
Cheer
Apr 2
TLT has been in a broadening wedge and formed a falling wedge within the larger pattern.
Price bounced off the lower supoort trendline in the mid-morning of trading then rising
to break out of the falling wedge. I see this as an opportunity to take a long trade in TLT
and close out a TBT position at the same time. This reversal may be due to the value of
existing bonds with the implications of a rate cut postponed beyond June. The faster RSI line
has recovered to cross the 50 level lending further support to this long trade.
Apr 2
Comment
3 minute chart zoomed
Apr 3
Comment
Price sideways for now.
Apr 4
Comment
Price moe up enough to raise the stop-loss to breakeven.
Apr 5
Comment
Centered Oscillators
TBT
TLT
TMF
TMV
treasuries
treasurybonds
Volatility
wedgebreakout
Wedge
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