$TLT
Added 2024-05-03 18:52:12 +0000 UTC$TLT is finishing the week on a bounce after the US 10 YR took a well needed pull back today.
We can see that the price action here has gone back above the 0.618 Fib and back into the descending wedge after having a difficult week.
We would need to see more to confirm that this is starting its move back up to Wave C and as long as the price is below the 50 and 200 Day MA, the trend is bearish.
We can see that the 50 and 200 Day MA are in the way of breaking out of this wedge so this confluence level would be important to break out from for the bulls.
