This chart shows a very clear and strong trend on TLT on a multi-year basis. Every time the price hits the 0.618 Fibonacci retracement level (1W time-frame), it finds a long-term Support and rises. This is accompanied by a MACD Bullish Cross. See who the Channel's Fibs are also playing their role as Supports. Can this be the new long-term Support in TLT's attempt to break above the 1.5 extension?
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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