Here we have TLT moving according to our previously published chart. We think TLT will move sideways, consolidating in the near future before finding direction. Although the outlook for TLT and the Bond Market is positive, in the near short term we may see a decline in the bonds market and choppy movements. We anticipate a zigzag move followed by a possible price retest of near $85 before bouncing back up.
Trade closed: target reached
All targets reached. This trade is now closed.
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Related publications
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.