TLT: Potential long term uptrend start
Updated
Title says it all, and I believe the technical chart speaks volumes about this rally's potential.
It's very early to confirm a monthly uptrend but daily and weekly look great.
My EW analysis of the move implies this is the start of a C or 3 wave, aiming for 148-151 at the very least.
I came up with the chart after discussing this and other interesting topics at the Key Hidden Levels chatroom, definitely a great place to hang out and chat with insightful traders, with Tim West's invaluable remarks and charts as the center of attention.
I'll add a daily view in the comments, market buying isn't the most efficient entry here.
Cheers,
Ivan.
It's very early to confirm a monthly uptrend but daily and weekly look great.
My EW analysis of the move implies this is the start of a C or 3 wave, aiming for 148-151 at the very least.
I came up with the chart after discussing this and other interesting topics at the Key Hidden Levels chatroom, definitely a great place to hang out and chat with insightful traders, with Tim West's invaluable remarks and charts as the center of attention.
I'll add a daily view in the comments, market buying isn't the most efficient entry here.
Cheers,
Ivan.
Note
This isn't valid anymore. I changed my wave count.
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ivanlabrie.substack.com/
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