$TLT - SAFE HAVEN - WATCHLIST -
Added 2024-01-20 22:18:20 +0000 UTCI love charting $TLT, $DXY, $BTC, US 10 YEAR etc because they strictly follow counts and respect Fib levels.....the larger the Market Cap for a company too, the more reliable their counts are in respect to adhering to Fib support and resistance levels.
There are no changes to this chart now but it is worth highlighting that the price action is working its way down the Fib levels now and so far holding the 50 Day MA very well at the 0.38 Fib, failure to hold this level and we are watching for the blue line which is the previous low in October 2022 and the 0.5 Fib.....but if there is a chance to buy this at the 0.618 Fib at $89....I believe this would be an excellent add to any portfolio to prepare for any market correction in a few months.
So this chart should be on everyone's watchlist.
