TLT has formed a H&S on the daily. Looking at over 2.6 RRR. Indicators looking down. Trend neutral. If you play options give your self sometime to let this one play out. The TLT takes time to complete setups.
Weekly
Indicators are leaning down on the weekly. The overall trend is neutral. You can see both H&S setups on this weekly.
monthly
indicators pointing down. The trend however is UP. What I would like to draw your attention to is the large H&S possible set up on the monthly chart. Its price projection is just below our setup on the daily chart at $15.94. If the daily setup works, we might be able to roll into a larger monthly setup.
Weekly
Indicators are leaning down on the weekly. The overall trend is neutral. You can see both H&S setups on this weekly.
monthly
indicators pointing down. The trend however is UP. What I would like to draw your attention to is the large H&S possible set up on the monthly chart. Its price projection is just below our setup on the daily chart at $15.94. If the daily setup works, we might be able to roll into a larger monthly setup.