I think we could see a short term rally in $TLT.
On low timeframes today, it looks like we've formed a double bottom and that price is bouncing off of the lower trend line. I think we could see a rally up into the $100-102 region from here.
My base case is for price to reject that region and then form one more leg lower before a sustainable bounce in bonds.
Let's see how it plays out. I marked off both levels to the upside and to the downside to account for both scenarios once price has broken out of the structure.
On low timeframes today, it looks like we've formed a double bottom and that price is bouncing off of the lower trend line. I think we could see a rally up into the $100-102 region from here.
My base case is for price to reject that region and then form one more leg lower before a sustainable bounce in bonds.
Let's see how it plays out. I marked off both levels to the upside and to the downside to account for both scenarios once price has broken out of the structure.
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Got the strong move this morning. Trade is looking great now.I have 12/20 $94 C
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Took profits +115%Nota
Welp the dip that I was expecting got bought up quickly back to the levels I sold. Want to see how price action shapes out tomorrow/Friday. Nota
Welp glad I got out of this trade when I did. Bonds now sitting at support and to me, it looks like it's about to break this support and head lower.Think we likely hit the lower levels before we see $100 now.
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Looking like we should at least see a short term reversal here.Nota
First target should be $90Nota
TLT will need to hold this level at $86.94 or so for upside. I still haven't taken the trade yet, waiting to see what happens here.Nota
Okay now looking good for upside.Nota
welp lost the lows. Will come back to this in a couple of weeksNota
Risky trade, but still liking the long side here. I do think we can make it back up to $90 sometime in the next few weeks... Let's see what happens the rest of the week.Nota
Okay, got the bullish reaction finally, but now I don't know if I like the chart for a long. After that move, it already looks extended on shorter timeframes and Ichimoku still looking bearish.Maybe it does get down to 80 before a reaction.
Going to keep watching this.
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Interesting, we sold off a little early this morning, but now it looks like it wants higher. Overall chart on higher timeframes still looks bearish, but maybe we do see a larger rally first.I'm still holding off trading this, just commenting.
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Kind of have a feeling we're going to make a move for 100 now (and quickly).
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.