Long term: towards 2400 or lower

On a yearly basis, see the dynamic for – 8 and next…MY failed as a support. 2838 is our first target and 2400 is the next one. Our stochastic is overbought. 2400 should fail as a support. Below 2 000, LY (663) will be our next objective.

On a quarterly basis, our 7 / 23 quarters moving averages crossover will be a bearish A type. Our MACD is overbought. A nice dynamic is in progress with each Bollinger band, 2400 is our next target.

On a monthly basis; A bearish parallel pattern is in progress for 4 to 15(?) periods.

Idea: very bearish as long as monthly bearish parallel pattern is in progress.

R = MW (3489);   S = PW (2838), LW (2617)

Medium term: like a bearish parallel pattern

On a weekly basis, our bearish parallel pattern is always in progress. Next week, a bearish non-crossover could develop as a status for our 7 / 23 weeks moving averages. With this hypothesis, a collapse is not ruled out. Below PW (2838), LW (2617) is our next objective. As long as MW (3489) proves to be a resistance, a rise is only a technical recovery.

 Idea: with Bollinger bands spread, prices will stop to decline without a new bear signal.

R = MW (3489);     S = PW (2838), LW (2617)

Short term: decline without bearish ATDMF pattern

On a daily basis, Bollinger bands spread is minimal and UD / LD spread is extending. A bearish A type crossover is the status for our 7 / 23 days moving averages. Our stochastic and MACD are not oversold. As long as a new bear trend for the weekly time frame is not in progress, the decline in progress is not yet a bear trend

Idea: recovery above MD (3225).

R = MD (3225), UD (3413)   S= PW (2838), LW (2617)

Conclusion: as long as MW (3489) proves to be a resistance, medium term is very weak .