TLT still selling off
Sharing fib downside levels to be aware of.
This starts out with a Fib extension tool starting from Dev 07, 2021
Here are the 3 prices if you want to place on your chart.
$155.12
$152.52
$151.47
If we break 93.88, look for more downward pressure toward $90.44. This price may be a turning point. It's very common for price to reversal(for a short time) at 50% between 2 fib levels.
Also, notice that I've placed the fib retracement tool between 2 fib levels from the fib extension tool. If you are a believer in fib, this is very handy as you can observe.
When/if price starts declining, it should move fast as we've gone sideways for a long time. A long sideways move usually leads to a large move in price
This starts out with a Fib extension tool starting from Dev 07, 2021
Here are the 3 prices if you want to place on your chart.
$155.12
$152.52
$151.47
If we break 93.88, look for more downward pressure toward $90.44. This price may be a turning point. It's very common for price to reversal(for a short time) at 50% between 2 fib levels.
Also, notice that I've placed the fib retracement tool between 2 fib levels from the fib extension tool. If you are a believer in fib, this is very handy as you can observe.
When/if price starts declining, it should move fast as we've gone sideways for a long time. A long sideways move usually leads to a large move in price
ملاحظة
Not a surprise that we're down near fib .382 at $86.99 with a pretty good bounce. I'd rather see a sharper mpve down toward $82.73 and a retracement back up to $86.99. If that happens expect a slow move toward $87 from the bounce at $82.73Otherwise, let''s see how price action plays out and where this bounce may head .
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.