$TLT Rising Channel or Bear Flag?

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Is it time to invest in TLT? It looks positive to me. With inflation cooling down it looks like bond prices could increase, which means rates are lower. We do have a Fed Meeting coming up so there could be more volatility depending on the “Feds” messaging.

I am taking this long today with a ½ size position. I will place my stop just “below” yesterdays low of $85.46. I am going long because I see a series of higher lows and higher highs. And I have a well-defined risk level of about 1% to know if I am wrong.

If you like this idea, please make it your own. Make sure you follow your trading plan.

Penafian

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