With TLT showing signs of a top and gold on its march to lower lows I see a clear opportunity in TBT. Five impulsive waves up, followed by a 3 wave correction to the 61.8 Fibonacci and is poised to continue upwards... Excellent risk to reward here if you have a stop just below the retrace level...

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Beyond Technical AnalysisbondsGoldshortbondsTLTWave Analysis

Penafian