The broader market structure on the TLT 1D chart shows a clear downtrend, followed by a Change of Character (CHoCH) when price broke above the lower high near $86.50, signaling a potential trend reversal. This CHoCH is further validated by a strong push off the demand zone around $83–$84, where buyers stepped in with conviction, leading to a series of higher lows and an emerging bullish structure.
The demand zones below, especially the wide green area near $82.68–$84, are strong; price previously reversed sharply from this level, indicating institutional interest. In contrast, the supply zones between $88–$93 appear layered and moderately strong, especially around $88.20 and $92.70, where price previously sold off. However, the lack of deep wicks and clean rejections in the lower supply zones suggests that sellers may be weakening.
Currently, price is pushing upward toward the $88–$89 zone with bullish momentum. Within the marked region, price is climbing steadily after forming a minor higher low. If it can break above $88.20 convincingly, the next logical target would be the supply near $92.70–$93. A minor pullback to the $85.50–$86 zone could offer a buying opportunity if demand holds.
The trade bias is bullish with an expected continuation toward $92.70, assuming momentum holds. Invalidation of this outlook would occur if price breaks back below $84.00, which would indicate a failed breakout and potential return to the broader bearish trend. Momentum currently favors buyers, with higher closes and strong-bodied candles confirming upward intent.
The demand zones below, especially the wide green area near $82.68–$84, are strong; price previously reversed sharply from this level, indicating institutional interest. In contrast, the supply zones between $88–$93 appear layered and moderately strong, especially around $88.20 and $92.70, where price previously sold off. However, the lack of deep wicks and clean rejections in the lower supply zones suggests that sellers may be weakening.
Currently, price is pushing upward toward the $88–$89 zone with bullish momentum. Within the marked region, price is climbing steadily after forming a minor higher low. If it can break above $88.20 convincingly, the next logical target would be the supply near $92.70–$93. A minor pullback to the $85.50–$86 zone could offer a buying opportunity if demand holds.
The trade bias is bullish with an expected continuation toward $92.70, assuming momentum holds. Invalidation of this outlook would occur if price breaks back below $84.00, which would indicate a failed breakout and potential return to the broader bearish trend. Momentum currently favors buyers, with higher closes and strong-bodied candles confirming upward intent.
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Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.