Long term: lower?
On a yearly basis, Bollinger band spread could increase. A PEI is in progress with our moving averages.
On a quarterly basis, a type I could develop.
On a monthly basis, a bearish parallel pattern is in progress.
Idea: use monthly bearish parallels rules
Bet: above MM is not ruled out.
R= MM (80.71), PM (82.75); S= LM (75)
Medium term: a type II could develop
On a weekly basis, prices are above UW and the trend for LW is bearish. A NEI is the status of the monthly time frame and no PEI is in progress with TAM tools.
Idea: higher as long as our MACD is not overbought
Bet: a type II is expected in early March.
R = MM (80.71); S = MW (77.41)
Short term: today, a type II is in progress
On a daily basis a bullish parallel pattern is in progress.
Idea: use bullish parallel rules
Bet: towards MM or above.
R = MM (80.71); S = MD (77.65)
Conclusion: a medium bull trend is not ruled out.