Chart Series: TLB

Comments
A strong bullish trend on both weekly and monthly charts suggest the TLB is going to climb upwards. Although there are some bullish signs on the daily chart, I think any bullish move will be short lived because from an EW perspective I think we are in the middle of or end of a wave 1 (which would mean a wave 2 could pull back the gains a bit, but not below $11).
There is very strong support near $12.80 and both, PLDot weekly and daily support are above this level.

My TLB Trade:
Short 12.5 Aug Puts.