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June 4th, 2015: TLT Chart Update

Posted by pugsma on June 4, 2015

11:00 am EST:   The TLT 4-hr chart shows a 7-wave drop from 138.50 to 117.19, which is a corrective double Zig-Zag where Y=W=117.23.   TLT bounced off the 117.19 level yesterday (June 3rd) and has since moved up to 119.12 so far today.   The double ZZ has also formed a bull falling wedge pattern.  A typical bullish falling wedge will retrace between 50% and 78%, which is the 127.85 to 133.81 area.

TLT 4-hr chart:

PUG TLT 4-hr 6-4-15

TLT daily chart:

PUG TLT Daily 6-4-15

TLT weekly chart:

PUG TLT Weekly 6-4-15

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