TLT Possible Accumulation
TLT showed SOT, and now looks like it will retest resistance before heading back down to strong support. A move below 104.40 is a strong demand zone, but TLT may need to accumulate longer. There is also a chance this could be a redistribution range before heading lower. We will see how price acts when it hits demand zone.
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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.