TLT (4H) / Trade Setup Threatened after the FOMC
Things are becoming weird in bonds with the disruption caused by the recent FOMC. The red GZ of the extension should hold. However, the problem you might be facing here is if you added afterwards, which increased your average cost. We have nothing to do below the level of subminuette A. The triangle W4 would be disproportionate.
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
cdn.discordapp.com/a...91351316/unknown.png
s3.tradingview.com/s...shots/n/n4fcxlRy.png
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
cdn.discordapp.com/a...91351316/unknown.png
s3.tradingview.com/s...shots/n/n4fcxlRy.png