ELLIOTT WAVE ANALYSIS TLT BONDS: 20 AUG, 2024
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Bonds, Wave (iii)-orange is unfolding to push higher; it is subdividing into wave ((2))-blue, and appears to be unfolding to push lower. Specifically, it is developing as a Zigzag, labeled (A)(B)(C)-orange, wave (B)-orange is nearing completion of its role. Finally, wave ((3))-blue could return to push higher.
While price must remain above 91.47 to maintain this view. A break below this level would indicate an alternate wave count scenario is in play.
Bonds, Wave (iii)-orange is unfolding to push higher; it is subdividing into wave ((2))-blue, and appears to be unfolding to push lower. Specifically, it is developing as a Zigzag, labeled (A)(B)(C)-orange, wave (B)-orange is nearing completion of its role. Finally, wave ((3))-blue could return to push higher.
While price must remain above 91.47 to maintain this view. A break below this level would indicate an alternate wave count scenario is in play.
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