Long term:  collapse is not ruled out

On a yearly basis, a close occurred below LY and Bollinger bands are slowly down (Vs flat last week with higher $ / Y). A bearish non-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought. The decline in progress could continue.

On a quarterly basis, UQ / LQ spread is increasing and a bearish pre-parallel pattern is in progress. On a monthly basis, a bearish pre-parallel pattern is also in progress.

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

R = PW (94.63); S = current low and -.

Medium term: bearish parallel pattern

 On a weekly basis, Bollinger bands spread was expending when a bearish crossover between MW and PW occurred. A bearish parallel pattern is in progress. With a new bearish non-crossover as a status for our stochastic and MACD, a collapse is likely.

Idea: use bearish parallel rules.

R = PW (94.63); S = 87.13, LW (85.17)

Short term: bearish ATDMF pattern?

On a daily basis, the spread UD / LD is not minimal but is increasing with lower prices. Without any bearish non-crossover for our daily stochastic or MACD, a bearish ATDMF pattern is not expected at the time being (later, a bearish pre-parallel pattern or a bearish Australian pattern could develop). As long as our MACD is not oversold, the decline could continue towards LW (85.18).

Idea: below LD (87.72) is not ruled out.

R = MD (90.58);   S = LD (87.72), 87.13, –

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Conclusion: with a weekly bearish non-crossover as a status for our stochastic, a collapse could develop.