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
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.