©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation).
Conclusion: TLT BONDS continues to move higher, expected at 90.92 - 92.63.
Wave 1-grey may have just ended, and wave 2-grey is starting to move higher as ((a))((b))((c))-navy, expected to target around 90.92 - 92.63.
While price must remain below 94.85 to maintain this Bearish view.
On the other hand, the ALT scenario shows no further push lower, instead, wave (B)-orange has just ended, and wave (C)-orange is moving much higher, expected to reach 101.64. The key to triggering the ALT is a break above the 92.63 level.
Conclusion: TLT BONDS continues to move higher, expected at 90.92 - 92.63.
Wave 1-grey may have just ended, and wave 2-grey is starting to move higher as ((a))((b))((c))-navy, expected to target around 90.92 - 92.63.
While price must remain below 94.85 to maintain this Bearish view.
On the other hand, the ALT scenario shows no further push lower, instead, wave (B)-orange has just ended, and wave (C)-orange is moving much higher, expected to reach 101.64. The key to triggering the ALT is a break above the 92.63 level.
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