TLT’s performance over the last four years has grown increasingly painful to watch, and there are no clear signs this is about to end. In fact, a little more downside remains to complete the pattern shown to D=80.84.  Alternatively, I’d need to see an uncorrected thrust above both of the circled peaks to infer that an important reversal is under way. Barring that, we should assume that more downside to at least 80.84 awaits; or if any lower, to 74.79 (! ) (Weekly chart, A= 108.87 on 4/7/23)