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 TECHNICALS
Canadian Bonds ETF XBB: Near Breakout?
 May 10 2016 ( TradingView  )
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The Situation

​
The Canadian Universe Bond ETF - XBB 
​( iShares Canadian Universe Bond Index ETF ) is trading within a 
​huge ​wedge pattern that started back since February 2 2015.
​ ​​(See First Chart Below- Red Trendline - Ellipse).

Since then, we keep making lower highs and higher lows, ​anyway 
​a technical set up that will bring volatility sooner than later as shown by ​the ​​first ​​chart ​below. 

But the most interesting factor is that ​we are now testing the Major Resistance Trendline from that wedge pattern that is so critical for Bears to hold. ​(See chart below - Red Trendline - Ellipse) 
​All that within a falling trading volume. ​(See chart below - Bottom Blue Area Chart - Ellipse) 

Interesting to observe that we are also above the 20, 50 and 200 DMAs (Day Moving Averages) on that Canadian Bond ETF. (See chart below - 20 DMA Yellow Line, 50 DMA Red Line and 200 DMA Green Line)



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Canadian Bonds ETF XBB: Near Breakout?    $BONDS  #Trading #Canada  #investing  #bonds #xbb


Daily Chart
​XBB ETF (  iShares Canadian Universe Bond Index ETF  ) 
20 DMA ( Yellow Line ) 
​​50 DMA ( Blue Line ) 
200 DMA ( Red Line )






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