TLT 20-yr Bond ETF Setting Up Bullishly



The TLT 20-year Bond ETF chart looks very constructive here. The October low is shaping up to be the head of an inverse head and shoulders pattern and a test of a wide, upward sloping channel. The chart has been consistently honoring the Fibonacci support and resistance levels from the June 2017 high to the October 2018 low. Furthermore, TLT broke out from a downward trendline from that same high and successfully retested it before gapping up above the 38.2% Fib retracement resistance line. With RSI being twice recently overbought and not oversold, there is a lot to like about this chart. Over the longer term, TLT could see new highs up in the 158 range. I am bullish.

About the author

I am the founder of and an avid trader. I am also the co-founder of Texas Precious Metals, a top US precious metals company. In 2006 I was a contestant on The Apprentice with future president, Donald Trump. I live in Coeur D'Alene, Idaho, with my wife and five children, where I spend my time hiking, charting, and changing diapers.
Follow Me on Twitter!
Follow Me on StockTwits!
Follow Me on YouTube!


Free Download

An Introduction to Applying Fibonacci Ratios In Technical Analysis (Free Download)

Download Your Free eBook Now!

Master Fibonacci: The Man Who Changed Math

Did you know you can download a FREE copy of Master Fibonacci with a free membership on

Paperback: 128 pages
Author: Shelley Allen, M.A.Ed.
Publisher: Fibonacci Inc.; 1st edition (2019)
Language: English