Yearly trend: higher?

On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.

Idea: use bullish parallel rules

Bet: qualification into a bullish bubble?

 

Long term: bearish no-crossover for our stochastic and MACDOn a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Meanwhile, a bearish no-crossover could be the status for our stochastic and MACD. With this hypothesis (end of period) LQ will be our main target.

On a monthly basis, the spread UM / LM is shrinking but it is far away from its minimal level. With a close below MM and an overbought status for our stochastic and MACD, LM will be our favourite objective.

Idea: bearish no-crossover for our quarterly stochastic (and MACD)

Bet: monthly Bollinger bands could stabilize in early summer

R= UM (93.34);    S= MM (66), LQ (36.53)

 

Medium term: bearish pre-parallel?

On a weekly basis, the spread UW / LW is expending. Without a bearish no-crossover, no bearish pattern could develop. As long as MW proves to be a resistance, a bearish pre-parallel pattern is not ruled out.

Idea: wait next month for our bearish pre-parallel pattern

Bet: nothing to do

R = MW (78.54);     S = MM (66), – – –

 

Short term: bearish parallel pattern

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

Idea: use bearish parallel rules

Bet:

R = MD (76.91);          S = LD (65.51)

 

Conclusion: a close below MM is not ruled out…