Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Consolidation. Can break either way.
Traders are watching U.S. Bancorp (USB) as price action tightens. Currently at $52.95, the asset is showing upward momentum (0.38%). Algorithmically, a Descending Triangle structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $49.81, targeting $41.34 with support near $53.08 (R:R 2.58).
What is your outlook on USB?