TLT Headed Towards 100
Updated
TLT should continue to develop higher through 94.84 and 100.57 against the wave (ii) of {c} low of 89.82 following the completion of a perfectly proportioned zigzag wave {b} as well as a distinct diagonal wave (i) of {c}.
Note
Price managed to fall just shy of the 100.57 target but the move higher is unlikely to be over. I expect to see price continue higher through 100.57 against the wave ii low of 91.47. Any downside should remain corrective.
Trade closed: target reached
Price has now cleared our target of 100.57. There is more potential for alot of upside but wave {c} could abruptly end at any time. It is wise to exercise caution from this point.
Jayce, CEWA
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