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:
TLT daily chart:
TLT weekly chart:
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