TLT to test 116 for a bearish downside breakout
TLT bounced from 108 and has reached 120. This price action formed a bearish wedge with 116 as the strong downside resistance. We need to see a break below this level for a complete wedge downside breakout and a continuation lower to 100. US Yields bounced strongly which is driving TLT lower.
Note: look for the short trade entries with the stop loss above 120
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!
