$TLT not using my head
Yes the FED is raising rates, but this looks like a BUY to me personally based on he following thoughts:
- Falling wedge/Double bottom breakout on high volume
- Initially sold off intraday after the FED announcement, retraced and overcame selloff prices
- RSI down trend busted
- Held above neckline for 1 hour
Therefore I will give this a 51% chance of moving higher, inital target 118.50ish
- Falling wedge/Double bottom breakout on high volume
- Initially sold off intraday after the FED announcement, retraced and overcame selloff prices
- RSI down trend busted
- Held above neckline for 1 hour
Therefore I will give this a 51% chance of moving higher, inital target 118.50ish
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Disclaimer
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.