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TLT: Double Bottom at the 0.382 Retrace with Bullish Divergence

Long
Ishares 20+ Year Treasury Bond ETF (BATS:TLT)  
RizeSenpai  
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
Chart Patterns Technical Indicators Harmonic Patterns EURUSD bonds yields TLT Bullish Divergence
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chartpattern indicator harmonicpatterns eurusd bonds yields tlt bullishdivergence
Some weeks ago TLT was trading within a Falling Wedge and Double Bottoming at the 0.382 with Bullish Divergence on the Hourly Timeframe and from there rallied to hit its 0.618 Profit Target. Since then, it has come back down just below the level it started at but in doing so has yet again formed Bullish Divergence near the 0.382, this time on higher timeframes. If the TLT were to start bottoming here, it would potentially be the start of an even bigger double bottom than the last one and could result in TLT testing even higher upside retraces such as the 0.886-1.13 which would take it to around $100

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TLT: Falling Wedge Double Bottom at .382 with Bullish Divergence
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