$TOTAL totally streched to upside; up or down?TOTAL is totally streched to upside; it is not only derivating but is also on a dangerous wedge, signaling a very possible drop (purple arrow down), at least to touch:
1- an important Fibonacci Circle (marked on red)
2- the support of TOTAL all-times-high (horizontal blue dotted line)
3- old May 2021 support of TOTAL all-times-high (horizontal pink dotted line)
4- ceiling of ghost channel from the last few months of downtrend (yellow channel)
5- volume weighted support line (black line)
6- possible touch on 200 EMA (green strong line)
You can see also that first pannel is about to show a crossing of RSI lines
Second pannel shows a red dot sell signal on Detonator B
Third pannel shows also a crossing down on Detonator C
MACD is losing strengh
We don´t know yet if the market still has bullets to go to the upside, showed by the thin purple arrow, but it is a possibility, as target coincides with very important (years back) trend line of resistence
