Hello Traders! In this technical blog, we will follow up on the past performance of iShares 20+ Year Bond ETF ($TLT) forecast. We will also review the latest 4H count and explain why the ETF should remain supported.
$TLT 4H Elliott Wave View – August 26, 2024:
In our last article, we explained that $TLT was showing a bullish sequence from Oct 2023 low due to the 5 waves impulse. We also suggested that a a break above black ((1)) at $100.57 will confirm that the next leg higher has started.
$TLT 4H Elliott Wave View – September 30, 2024:
The latest 4H update is showing a break above black ((1)) at $100.57. As a result, the structure has opened a bullish sequence towards $106 – 110 area. The cycle from July 2024 at blue (2) ended and a pullback to correct it is unfolding in 3 or 7 swings. We like to wait for a connector and another leg lower to buy the dip in 3 swings against the July low.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
