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3x Inverse TLT ETF: Breaking Out of Descending Broadening Wedge

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Direxion Daily 20-Year Treasury Bear 3X (AMEX:TMV)  
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AMEX:TMV   Direxion Daily 20-Year Treasury Bear 3X
Trend Analysis Chart Patterns Fundamental Analysis usbonds yields US20Y TLT Descending Broadening Wedge
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trendanalysis chartpattern fundamental usbonds yields us20y tlt descendingbroadeningwedge
The Inverse ETF for the 20-Year US Government Bond is currently breaking out of a Descending Broadening Wedge and is looking to go much higher perhaps between the 61.8% and 78.6% retraces which would be about a 500-1,400% percentage gain which also means that longer end bond yields are going much higher.
Yorum:
This ETF will be having a split on the 28th so I will have to upload a split adjusted chart of this when that happens.

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