June 11th, 2015: TLT Chart Update
Posted by pugsma on June 11, 2015
6-12-15, 3:05 pm EST: Looks like TLT chose to set-up it’s bottoming IHS pattern off the 115.26 low with a neckline at 119.09 and target of 122.92. The right shoulder is forming now and should hold above the left shoulder of 117.19.
TLT 15-min chart (EOD):
12:40 pm EST: As seen on the daily and weekly charts TLT bounced of the 62% retrace target of 115.36. The bullish falling wedge IT (intermediate-term) targets range from the 50%/62%/78% retrace of 126.83/129.61/133.31
For the VST (very short-term):
pugsma said
TLT VST I have a small triangle wave that projects to about 117.19, which is where a recent descending triangle broke down. 117.19 is a resistance area that should hold back TLT as the right shoulder of an IHS forms that will project to 119.12.
TLT 1-min chart (mid-day):
TLT 15-min chart (mid-day):
TLT 60-min chart (mid-day):
TLT 4-hr chart (mid-day):
TLT daily chart (mid-day):
TLT weekly chart (mid-day):
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