Momentum is building with this Rectangle. See the live chart action.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Traders are watching U.S. Bancorp (USB) as price action tightens. The stock is trading at $62.82, down 2.5% on the day. Our AI has detected a valid Bullish Flag pattern. The trend indicator is reading 9.5/100, suggesting moderate momentum. A potential breakout level is identified at $64.84, targeting $77.79 with support near $62.61 (R:R 5.81).
What is your outlook on USB?