TLT - Staying sideways but should resolve higher then

3 באוק׳ 2019

We are in a consolidation, currently in possible wave B of (4) and should soon see a push lower for wave C to around 133 before going back up again one more time for wave (5) before we see any deep retracement.

Notice that waves 4 are tricky as they can take any form of corrective pattern, zigzag, triangle or flat.

One more option is that wave 4 is in at 136 and we continue higher but for that I'd first like a move above 148.

3 באוק׳ 2019

הערה

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3 באוק׳ 2019

הערה

Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public

If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium

12 באוק׳ 2019

הערה

Nice reversal here from the 78.6% retracement level.
As stated before, waves 4 are tricky so we still have a few possibilites of how this could play out.
If you use options, you can take advantage of this sideways correction, if not, just stay on the line for now.

27 באוק׳ 2019

הערה

Looks like it could continue lower some more

19 בדצמ׳ 2019

הערה

The fact we didn't break above the upper channel line makes me Believe that this might not be a wave 1 and 2 now but rather a complexe correction.
So, if the 78.6% level doesn't hold, we might see ourselves down to 129 - 127.