$TLT not using my head
Yes the FED is raising rates, but this looks like a BUY to me personally based on he following thoughts:
- Falling wedge/Double bottom breakout on high volume
- Initially sold off intraday after the FED announcement, retraced and overcame selloff prices
- RSI down trend busted
- Held above neckline for 1 hour
Therefore I will give this a 51% chance of moving higher, inital target 118.50ish
- Falling wedge/Double bottom breakout on high volume
- Initially sold off intraday after the FED announcement, retraced and overcame selloff prices
- RSI down trend busted
- Held above neckline for 1 hour
Therefore I will give this a 51% chance of moving higher, inital target 118.50ish
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