Chadison-Brosevelt

EXCELLENT Risk to Reward TLT Trade

Long
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
As described within the chart, there is an excellent opportunity here with going long TLT (20 year bond etf)... Oil took a small turn down today (still expecting sub $50) and could be seen as an indicator of further downwards price action for risk on assets... Equities continue to grind higher with little news propelling it forward... Gold is also looking towards completing a 5th wave higher with TLT... Stop loss is indicated in red and target is indicated in green...

Thanks for checking out my idea!
Please leave a LIKE and FOLLOW!
I encourage comments and constructive criticisms!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.