Long term: below historical low

On a quarterly basis, Bollinger bands spread will continue to increase. The trend for our 7 / 23 quarters moving averages will stay bearish for three periods or more. The status for our MACD is a bearish non-crossover with an overbought status for our stochastic.

On a monthly basis, the UM / LM spread is not minimal but expending. A bearish non-crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is overbought. The bear trend will continue and could amplify.

Idea: like a quarterly bearish pre-parallel pattern.

R = MQ (10.08);    S= New Historical Low and – – –

Medium term: bearish parallel pattern

On a weekly basis, a bearish crossover PW / MW occurred with a nice dynamic for UW.  A bearish A type crossover is in progress with our 7 / 23 weeks moving averages. A bearish non-crossover could be the next status for our stochastic. A bearish parallel pattern is in progress.

Idea: a dive is expected for some periods.

R = PD (9.2495), MD (9.4561);     S = NHL

Short term: bearish parallel pattern

On a daily basis, a bearish pattern is in progress.

Idea: use bearish parallel rules.

R = PD (9.2495), MD (9.4562);   S = NHL

Conclusion: As long as MD proves to be a resistance, a strong bear trend will continue to develop.