Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern
On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for MY. The dynamic for each band is very strong. PY will cross MY in more than one period. On a Historical basis, one of the most bullish patterns ever seen (since the end of XIX century).
Idea: bullish non-crossover for our stochastic.
Long term: quarterly bullish parallel pattern
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is strong. The status in progress for our MACD is a bullish non-crossover with an oversold status for our stochastic. A new bull move is in progress.
On a monthly basis, a strong bearish dynamic is always in progress with LM. Our 7 / 23 moving averages will continue to rise with a bullish non-crossover as a status. With our MACD, the status will be overbought in two periods or more.. As long as MM proves to be a support, a decline is only a technical move.
Idea: the bull trend will expend for some quarters
R = rise > 2 years, +++ (could be above 2 000); S = MM (938)
Medium term: weekly bullish parallel pattern
On a weekly basis, PW crossed MW with a nice bearish dynamic for LW, a bullish trend for our monthly basis and no correction after the crossover. Our 7 weeks moving average was up when a bearish crossover price / PW occurred.
Idea: use bullish parallel rules
Bet: a bullish no-crossover for our 7 / 23 weeks moving averages.
R = PW / UW (1204); S = MW (1068)
Short term: Bollinger Bands spread is far away from its minimal level
On a daily basis, UD is a strong resistance. A bullish no-crossover is in progress with our stochastic. MD should act as a support.
Idea: nothing to do.
Bet: a bullish pre-parallel pattern could develop.
R = UD (1143); S = MD (1112)
Conclusion: trading range for two weeks and strong bull market could develop at the end of January.
DTAFM / ATDMF on Wikipedia