BlueHatInvestor

TLT ~ Have US Yields finally topped? (Weekly / Nov 2023)

BATS:TLT   Ishares 20+ Year Treasury Bond ETF
TLT chart mapping/analysis.

Note: TradingView chart dividend adjusted.

  • Price action bouncing off Golden Pocket (66% Fib) support
  • Heavy trading volume = institutional activity (ie positioning?)
  • Rejection wicks on previous weekly candles = selling pressure still present (correlation with long-end yields holding strength)
  • Looking for re-test of lows + bounce to confirm double bottom support base established for bullish momentum.
  • Inverse play = price action engulfs previous candle, completes gap partial-fill + taps overhead resistance aka descending trend-line (light blue dotted).
  • Institutional short-squeezes could still be active - complimenting inverse play thesis.
  • Failure to break above/below either trend-lines = price action continues to contract until eventually ripping in volatile fashion in either direction.

Set alerts - monitor US yields - wait for trade to set up in your favour.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.