TLT ShortTLT 1H Technical Analysis
📈 Outlook:
The current setup suggests a bearish continuation scenario:
A corrective move toward the 85.20–85.60 supply.
Rejection from this area confirms continuation of the downtrend.
Target: 83.20–83.60, where resting liquidity and untested demand reside.
This sequence follows a classic liquidity sweep + supply mitigation + continuation pattern. Unless price breaks convincingly above 85.80, the bearish outlook remains intact.
🔼 Supply Zones (Bearish Liquidity Layers):
Primary Zone: 85.20–85.60
This is the most immediate area of interest, aligning closely with the 50% equilibrium level of the last bearish impulse (~85.84). Price is likely to reject from here as it also coincides with a previously unmitigated supply block and market inefficiency.
Stacked Supply Above: 86.40–88.00
Should price break the lower supply, these zones will come into play. However, the current structure suggests strong probability of rejection before reaching these levels.
🔽 Demand Zones (Target Areas):
First Demand: 83.20–83.60
This is your marked initial downside target. It represents the next logical draw on liquidity and aligns with prior accumulation and support structure. It’s likely to act as a temporary reaction zone or the next entry point for accumulation.
Deeper Demand Zone: 82.40–82.80
Marked by your secondary border, this range offers higher time-frame confluence and could act as the final sweep zone if the 83s fail to hold.
