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.

Commento:

Expecting some short-term downside due to the daily technicals as well as the bullish risk-on environment for equities; which may also have been confirmed by Bitcoins recent bounce.

Weekly & Monthly are still looking bullish.

Commento:

This continues to be on track. Inflation fears, changing risk environment, Delta Variant all combine to suggest new ATHs are possible.