TLT Breaks Out of Descending Wedge to seek new All-Time Highs?
Using the same fractal analysis method I used to forecast the BTC dump & dead-cat bounce, I began watching US Treasuries as TLT was set to break out of a descending wedge.
Now that it is has, I'm publishing the idea for others to weigh in on.
If the pattern plays out we could see new all time highs; which suggests we could be entering another period of recession much like the financial crisis of '08.
I do not currently have a position & this is not financial advice. Just sharing observations as they occur.
If you wanted to play the pattern, TMF(long) & TMV(short) are leveraged ETFs you can use.
Now that it is has, I'm publishing the idea for others to weigh in on.
If the pattern plays out we could see new all time highs; which suggests we could be entering another period of recession much like the financial crisis of '08.
I do not currently have a position & this is not financial advice. Just sharing observations as they occur.
If you wanted to play the pattern, TMF(long) & TMV(short) are leveraged ETFs you can use.
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This continues to be on track. Inflation fears, changing risk environment, Delta Variant all combine to suggest new ATHs are possible.
Weekly & Monthly are still looking bullish.