Long term: bearish for some years
On a yearly basis, a PEI is in progress with our moving averages.
On a quarterly basis, a type II is in progress.
On a monthly basis, a type III is in progress.
Idea: very powerful bear trend
Bet: towards 1???
R = PM (1.3241); S= LM (1.1875), —
Medium term: bearish parallel
On a weekly basis, UW / LW spread was a minimal / reference one. A bearish parallel pattern is in progress.
Idea: use bearish parallel rules
Bet: lower
R = MW (1.2815); S = LM (1.1875), —
Short term: bearish parallel
On a daily basis, a bearish pre-parallel occurred.
Idea: use bearish parallel rules
Bet: with a PEI as a status for our MACD, a sell-off is likely.
R = PD (1.2323); S = LD (1.2139)
Conclusion: sell-off as long as MD = resistance.