Inverse H&S spotted on weekly chart just below the trading range, suggesting a potential strong breakout in TLT. Notice that further weakness is possible with bearish target to 116, which is the bottom of the consolidation range and pretty well defined value area low end. Buyers would step in from there to bring this thing back to the trading range, and that will form a tripple bottom with bullish divergence on the indicators.
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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.