TLT is showing signs of an overall uptrend pattern since Nov '18 on the daily timeframe.
TLT price has a history of "breaking into a strong uptrend" after the following pattern/sequence is met:
1. EMA21 fails as support during a pullback, signaling a potential dip buy opportunity
2. Price retests EMA21 as resistance and then breaks back above it, signaling bullish momentum
3. RSI level breaks above it's own SMA50, signaling a strong uptrend may follow
A potential entry could be; price remains above EMA21 & RSI confirms a break above the RSI SMA50.
A potential exit target; when RSI level becomes overbought near 70+ level @ +2.5%
A potential stop set at; any "end of day" close below the EMA21 level @ -0.50%
LONG position offers good risk/reward ratio of 5:1
TLT price has a history of "breaking into a strong uptrend" after the following pattern/sequence is met:
1. EMA21 fails as support during a pullback, signaling a potential dip buy opportunity
2. Price retests EMA21 as resistance and then breaks back above it, signaling bullish momentum
3. RSI level breaks above it's own SMA50, signaling a strong uptrend may follow
A potential entry could be; price remains above EMA21 & RSI confirms a break above the RSI SMA50.
A potential exit target; when RSI level becomes overbought near 70+ level @ +2.5%
A potential stop set at; any "end of day" close below the EMA21 level @ -0.50%
LONG position offers good risk/reward ratio of 5:1
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.