Long term: quarterly bearish divergences for our stochastic and MACD?

On a quarterly basis, a bullish T2 failed with LQ which is not on the down side. But our 7 / 23 quarters moving averages, stochastic and MACD are up. With a close below MQ, a bearish divergence could develop for our stochastic and MACD. With this hypothesis, LQ will be our main target. On a monthly basis, like a bullish bubble pattern failed (quarterly time frame was not bullish when a monthly pseudo- bullish “T2” occurred and LM was flat in T4). A decline could develop with the current overbought status for our stochastic and MACD.  MQ is our first objective and PM is the next one.

Idea: with a Q2 close below MQ, a (bearish) tsunami is not ruled out.

R= PW (122.44);   S= MQ (117.36), PM (114.62), LQ (110.04)

Medium term: lower

On a weekly basis (continuous contract), a bearish A type crossover is in progress with our 7 / 23 moving averages. A bearish non-crossover is in progress with our MACD. Next week, a bearish crossover PW / MW is expected. If UW trend is up, a collapse is not ruled out.

Idea: bearish non-crossover for our weekly MACD.

R = MW (122.34);   S = MQ (117.36), PM (114.62)

Short term: recovery

On a daily basis, a bearish parallel pattern is over since MD fails as a resistance.

Idea: technical recovery as long as M23 is bearish.

R = UD (120.54);   S = MD (119.14), LD (117.74)

Conclusion: with a Q2 close below MQ (117.36), a (bearish) tsunami is not ruled out