{"symbol":"TLT","slug":"tlt","name":"20+ yr Treasury ETF","group":"Rates & FX","asof":"2026-11-06","price":81.92,"scale":"log","headline":"five down from 2020, cycle V in progress","trend":"down","swing":"up","invalidation":86.43,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"five down from 2020: cycle V in progress, primary 3 of V with intermediate 4 extending as a double zigzag (minor Y up in minute (c))","structure":"I 179.70 (2020-03) -> 133.19 (2021-03); II -> 155.12 (2021-12); III -> 82.42 (2023-10); IV -> 101.64 (2024-09); V live: 1 -> 84.89, 2 (expanded flat) -> 92.19, 3 live","next":"minute (c) carries Y to 83.04-83.88 (Y's own 83.16-84.59) under 86.43, completing intermediate 4 near; intermediate 5 then breaks 76.43 toward primary 3's 68.89","window":null,"invalid_if":{"price":86.43,"direction":"above"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"down","wave":"cycle V down from $101.64, in progress (fifth wave of the five down from the 2020 high) (low so far $76.43, close $81.92)","target":{"low":75.33,"high":62.6},"invalidation":101.64,"window":null},{"timeframe":"Weekly","degree":"Primary","direction":"down","wave":"primary 3 of V down from $92.19, in progress (low so far $76.43) (primary 1 low $84.89)","target":{"low":68.89,"high":57.54},"invalidation":92.19,"window":null},{"timeframe":"Daily","degree":"Intermediate","direction":"up","wave":"intermediate 4 of 3 up from $76.43, in progress as a double zigzag","target":{"low":83.33,"high":null},"invalidation":76.43,"window":{"from":"2026-11-14","to":"2027-10-01","likely_from":"2026-12-10","likely_to":"2027-03-25"}},{"timeframe":"Hourly","degree":"Minor","direction":"up","wave":"minor Y of intermediate 4 up from $80.89, in progress as a zigzag (minute (a) a five to $82.21 at 13:00 on 2026-11-05","target":{"low":83.16,"high":84.59},"invalidation":80.89,"window":{"from":"2026-11-07","to":"2026-12-16","likely_from":"2026-11-14","likely_to":"2026-11-30"}},{"timeframe":"15-minute","degree":"Minute","direction":"up","wave":"minute (c) of minor Y up from $81.71, in progress (minute (a) $80.89 → $82.21","target":{"low":83.04,"high":83.88},"invalidation":81.71,"window":{"from":"2026-11-06","to":"2026-11-08","likely_from":"2026-11-06","likely_to":"2026-11-07"}}],"answer":"20+ yr Treasury ETF (TLT) Elliott Wave count at the Nov 6, 2026 close (price 81.92): the called count is five down from 2020, cycle V in progress. It is invalid above 86.43. On the daily chart, intermediate 4 of 3 up from $76.43, in progress as a double zigzag, targeting 83.33 (invalid below 76.43).","markdown":"https://elliottwaveatlas.com/markets/tlt.md","history":[{"date":"2026-11-06","price":81.92,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-11-05","price":81.93,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-11-04","price":81.76,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-11-03","price":81.11,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-11-02","price":81.73,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-30","price":81.84,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-29","price":81.49,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-28","price":80.99,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-27","price":81.63,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-26","price":81.68,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-23","price":81.34,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-22","price":81.74,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-21","price":80.24,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-20","price":80.13,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-19","price":79.46,"status":"held","headline":"five down from 2020, cycle V in progress"},{"date":"2026-10-16","price":80.05,"status":"new","headline":"five down from 2020, cycle V in progress"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}