12/7/2020 - Possible Swing Trade on the ETF: TLT.
Notes: trading odds enhancer beyond theory & technique is experience & observation, including getting to know a symbol’s tendencies. Sometimes the 21-day EMA is immediate support & resistance for a symbol; sometimes it breaks & very soon later snaps back to it. That is how TLT has behaved since the end of summer 2020.
TLT has been in a slow decline. Periodically, it pokes above the 21d EMA. then quickly drops back below. Here we have a decent daily SZ above the 2ld EMA. So, if price pops up to the yellow SZ, we can have some conﬁdence that price will react as the zone and recent behavior suggests & we should see a profitable down-move. Can trade the ETF itself; or use a long put “to express the trade.”