TLT about to pick up speed

I am making up my own price patterns but I call this the apex vortex of that lower descending wedge. I've seen assets change direction sharply when price crossed the vertical point of existing price wedges (the lower abcde triangle). I expect a sharp up or down in TLT very soon. We could see a sharp drop followed by a sharp rally or vice versa.. I'm currently holding a 2022 put on TLT ITM but I think I'll hold it for the next few months if bonds drop.

تعليق:

my weekly chart- Just looking at big picture it "looks" more likely to drop like it did in 2008-2009

تعليق:

2008-2009 similar

تعليق:

تعليق:

interesting place to park TLT today