TLT (4H) / Trade Setup Threatened after the FOMC

Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

NASDAQ:TLT Ishares 20+ Year Treasury Bond ETF

trendanalysis chartpattern waveanalysis tlt tltlong tltshort tltanalysis bonds setup algotrading

Things are becoming weird in bonds with the disruption caused by the recent FOMC. The red GZ of the extension should hold. However, the problem you might be facing here is if you added afterwards, which increased your average cost. We have nothing to do below the level of subminuette A. The triangle W4 would be disproportionate.

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