TLT - Confirmed bottom - More upside

10 giu 2021

Thoughts and ideas are my own view.

Now, I've been in a trade on TLT for a little while now. About 2 weeks. It's quite obvious there's a couple things going on here:

1. A reduction of downward momentum that ended in mid-March.
2. A move up followed by a corrective move to the downside which did not make a new low
3. Our indicators indicated we were about to make a move to the upside
4. There's also a visible inverted head and shoulders that broke out on June 8

Mix all these things and there's a squeeze that is expanding to the upside as well. Although we may see a pullback to retest the breakout area, I'm interested in seeing TLT make a move up to approximately $149 in the coming month.

2 lug 2021

Trade attivo

We're still in good shape here. I see continued upside ahead of us to hit our upside target of $149. It might take a little longer. A couple weeks maybe. This will follow the ZB trade I also have listed here on TradingView.

6 lug 2021

Trade attivo

I'm going to be exiting my TLT trade soon. Hit target or not, the move up today was pretty nice. Lets keep going for a few more days!

7 lug 2021

Trade chiuso: obiettivo raggiunto

Trade Closed - We took profit on this today. Overall >100%