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Medium term: below PW, LW is our next target

On a weekly basis; in September, a bearish A type crossover will be the status for our 7 / 23 weeks moving averages. If PW fail as a support, our MACD will be overbought and LW will be our next objective.

Idea: bearish below PW

Bet: below PW if our weekly stochastic is overbought (end of period)

R = MD (1.2762);     S = PW (1.2588), LW (1.2004)

Short term: UD / LD spread is minimal

On a daily basis, a bearish no-crossover could develop with our 7 / 23 days moving averages. With this hypothesis, our MACD will be overbought. PW will fail as a support.

Idea: below PW, a sell-off is expected

Bet: bearish no-crossover for our moving averages is expected only today.

R = MD (1.2762);   S = PW (1.2588), LW (1.2004)

Conclusion: below PW, LY (1.1568) could be a target.