It would appear like the uptrend that had started a while back has ended. I posted a few charts, and succesfully tracked all the moves in this instrument. This is a testament to Tim West's analytical methodology, which I humbly apply. This is coherent with my intermarket analysis publication's expected outcome of the recent fundamental paradigm shift that made these new trends emerge.
A short under yesterday's low, with a stop at the high would be a good start. It's possible that there is a very pronounced gap down today, so, if trading intraday, it might actually be a long, to try to capture a retracement back to resistance above, but ultimately I think that the direction is down, and fast.
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Cheers,
Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
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En route.
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Back above the mode, then the triangle didn't end yet.
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On track, downtrend started it would seem.
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As expected, forecasted path is valid.
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We hit the previous mode level. Perfect forecast so far.
Thanks a lot Tim...I put a few man hours on TLT, I think I more or less have the right outlook for it.
It's lovely how it trades in the 65 and 30 minute chart.