This USB chart is almost linear since late 2011 to date. Which is very nice, and preformed just under 200% since late 2011. USB is a strong linear chart for a passive investor.
It is beginning to fill out an ascending triangle. If this ascending triangle plays out - it is either a bullish case, or a continuation pattern (for very long term investors). This possible pattern is so far out I would not recommend incase of a US correction recession before the end of this pattern scenario.
For traders, it looks like the 200 EMA is about to cross back above the 50 EMA. Also, it is respecting the diagonal support. the 1H - 4H timeframe is also showing another smaller ascending triangle - indicating a continuation above the $52 rage.
It is beginning to fill out an ascending triangle. If this ascending triangle plays out - it is either a bullish case, or a continuation pattern (for very long term investors). This possible pattern is so far out I would not recommend incase of a US correction recession before the end of this pattern scenario.
For traders, it looks like the 200 EMA is about to cross back above the 50 EMA. Also, it is respecting the diagonal support. the 1H - 4H timeframe is also showing another smaller ascending triangle - indicating a continuation above the $52 rage.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。