TLT - Staying sideways but should resolve higher then

We are in a consolidation, currently in possible wave B of (4) and should soon see a push lower for wave C to around 133 before going back up again one more time for wave (5) before we see any deep retracement.

Notice that waves 4 are tricky as they can take any form of corrective pattern, zigzag, triangle or flat.

One more option is that wave 4 is in at 136 and we continue higher but for that I'd first like a move above 148.

Comentário:

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Comentário:

Nice reversal here from the 78.6% retracement level.
As stated before, waves 4 are tricky so we still have a few possibilites of how this could play out.
If you use options, you can take advantage of this sideways correction, if not, just stay on the line for now.

Comentário:

Looks like it could continue lower some more

Comentário:

The fact we didn't break above the upper channel line makes me Believe that this might not be a wave 1 and 2 now but rather a complexe correction.
So, if the 78.6% level doesn't hold, we might see ourselves down to 129 - 127.