TLT about to pick up speed
I am making up my own price patterns but I call this the apex vortex of that lower descending wedge. I've seen assets change direction sharply when price crossed the vertical point of existing price wedges (the lower abcde triangle). I expect a sharp up or down in TLT very soon. We could see a sharp drop followed by a sharp rally or vice versa.. I'm currently holding a 2022 put on TLT ITM but I think I'll hold it for the next few months if bonds drop.
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my weekly chart- Just looking at big picture it "looks" more likely to drop like it did in 2008-2009 Note
2008-2009 similar Note
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interesting place to park TLT today 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.