TLT: As of now, 92.30 (GREEN) is giving the bulls an edge
It's not been a year to bottom pick TLT. In fact, it's rarely a good idea to bottom pick. However, when a durable S/R Level holds and ideally is re-tested, it creates a situation where buying a low makes sense. And with ones stops very clear, i.e. below 92.30 (GREEN), it's an asymmetric pay-off.
A similar level is seen in 10-Year Notes.
A similar level is seen in 10-Year Notes.
Note
Solid follow-through with 97.07 (GREEN) now the upside attraction. Raise stops accordingly to protect profits.Note
The minimum upside target at 97.07 (GREEN) has been met.
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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.