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 TECHNICALS
Canadian Long Bond ETF XLB: My Rising Wedge?
 June 02 2016 ( TradingView  )
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The Situation

​
The Canadian Long Term Bond Index ETF - XLB 
​(iShares Core Canadian Long Term Bond Index ETF) is trading within a 
​huge ​Rising Wedge technical pattern that started back since August 20 2015.
​ ​​(See First Chart Below- Thick Grey and Red Trendlines).

But since November 9 2015, we keep making higher highs and higher 
​lows, ​anyway a very good technical sign indeed​ as shown by ​the ​​first ​​chart ​below. 

But the most interesting factor is that ​we are testing again the Major Resistance Trendline from that Rising Wedge technical pattern  and so critical for Bulls to break at the third tentative​. ​​​(See chart below - Red Trend Line - Ellipse)  All that within a very low trading volume. ​(See chart below - Bottom Blue Area Chart) 

Interesting to observe that we are already 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 Long Bond ETF XLB: My Rising Wedge?       $BONDS  #Trading #Canada  #investing  #bonds #xbb


Daily Chart
​XLB ETF (  iShares Core Canadian Long Term Bond Index ETF   ) 
20 DMA ( Yellow Line ) 
​​50 DMA ( Blue Line ) 
200 DMA ( Red Line )






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