TLT (Elliot Wave - Analysis)
Applying simple Elliot wave analysis, I see an ABC pattern with a failed 5 wave move up marked as X wave, the first ABC is then labeled as W and projected 1:1 ratio from top of (X) brings us down to the box area, where TLT is most likely to find support (1:1 & 1.236 Fib ratio).
I see the price dropping without retest of major resistances that it broke through, and a price fall in a straight line is unsustainable, its like stretching a rubber band and eventually price will rebound violently.
I would give it a 60% probability of reversal at that point and daily bullish divergence should be a very strong sign of imminent reversal.
Cheers
I see the price dropping without retest of major resistances that it broke through, and a price fall in a straight line is unsustainable, its like stretching a rubber band and eventually price will rebound violently.
I would give it a 60% probability of reversal at that point and daily bullish divergence should be a very strong sign of imminent reversal.
Cheers
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.