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xtremerider8

TLT bottoms in weekly hammer & divergence;but 108 still possible

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Ishares 20+ Tahun Bon Perbendaharaan ETF (NASDAQ:TLT)  
xtremerider8  
NASDAQ:TLT   Ishares 20+ Tahun Bon Perbendaharaan ETF
Technical Indicators Harmonic Patterns Fundamental Analysis tltlong TLT bonds us10yr yields inflation contraction recession
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indicator harmonicpatterns fundamental tltlong tlt bonds us10yr yields inflation contraction recession
TLT may have already bottomed out & the US10Y topped out with weekly hammer candles. TLT may find equilibrium at 132, my inflation pivot zone while US10Y may stabilize at 3.6% inflection point retesting its upchannel.
TLT is now completing its M-pattern & has just entered my bullish BUY ZONE at 114 to 120. DCA Dollar cost averaging up from this point presents a very good risk-to-reward ratio.
MORE DOWNSIDE? TLT may still go down to retest 108 where it bottomed multiple times in the past.
Inflation expectations are slowing & the economy is starting to contract with oil & commodities turning down last week with investors pricing in a coming recession.
Not trading advice.
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