TLT - watch for strong bullish reversal soon after 116 or 114
Bearish toward 116 / 114
(Light blue) If TLT bounces strongly at 116 (Fib 1 Elliott zigzag from earlier highs weekly chart) expect it to move toward 128 and pause for a correction.
(Dark blue) If TLT passes through 116 to 114 (Fib 8), expect a strong bounce then climbing up the Fibonacci ladder toward 122 for a corrective move higher.
(Light blue) If TLT bounces strongly at 116 (Fib 1 Elliott zigzag from earlier highs weekly chart) expect it to move toward 128 and pause for a correction.
(Dark blue) If TLT passes through 116 to 114 (Fib 8), expect a strong bounce then climbing up the Fibonacci ladder toward 122 for a corrective move higher.
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Disclaimer
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.