$TLT - close to bottoming

TLT: There is a possibility that TLT might have bottomed or is close to bottoming. Why?

Take a look at the highlighted time frame on the left. Back in October 2022, TLT formed bullish divergences with MACD, RSI, and William %R.

Now, look at the highlighted time frame on the right.
We are seeing the same thing happening.

If TLT has further to fall, I think $82 would be it.

Upside targets:
$88
$92

Downside risk:
$82