TLT Possible Accumulation

23 בפבר׳ 2014

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.