$TLT like stocks, behave in the same manner on charts, it will bounce and will need a pull back then before it can go higher.
This is found on every chart, regardless of whether it is for stocks, bonds, crypto, forex, commodities....they all behave the same way.
The 50 Day MA has been the trigger here to act as a resistance and the price has been pulling back since hitting the level.
The white fib levels have been added to show support levels before going higher I believe.
Ahmad Alsaleh
2023-11-15 23:45:45 +0000 UTC