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TLT Swing Trade Final Target Revised

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TLT Swing Trade Final Target Revised

Based upon further review of the charts I am revising the final target on TLT to T2 (119.25) from T3 (122.13). My decision is based on the fact that I expect a considerable reaction once/if the T2 level is hit & may look to reposition long once again following a pullback and/or consolidation below that level. Daily chart below:

TLT daily Dec 10th

TLT daily Dec 10th

My expectation is for at least one more thrust back down within this large falling wedge pattern on the TLT weekly chart before a breakout & the next major leg higher. Longer-term traders might opt to ride out any pullbacks or consolidations while collecting the monthly dividends while raising stops to protect profits.Weekly chart below:

TLT weekly Dec 10th

TLT weekly Dec 10th

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2018-12-10T10:56:14+00:00Dec 10, 2018 10:56am|Categories: Completed Trades - Long, Fixed Income (Bonds), Growth & Income Trades- Completed|Tags: |0 Comments

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