Direction

We’ve been going up.

This has been going since the price crossed the thick gray 200 day MA line on the daily chart in the middle of October 2015, almost 2 years ago!

We have bullish higher lows and higher highs for this entire uptrend.

The 4 and 3 week ago candlesticks form a bullish harami, the 3 last growing candles on the Heikin-Ashi are also bullish, indicating trend continuation.

We might have a pitchfork formed by the high of January 3, the low of March 25 and the high of June 11, in which case we would be right at its top, but we need more confirmation (more of its lines touched) before we can consider it valid.

Strength

This uptrend seem to be strong.

High volume

Volume has been higher than ever since the beginning of May, when the price broke the upper bound of the channel formed by the light blue trendline and the red trendline.

The Ichimoku Cloud is bullish, it simply never twisted into a bearish red kumo during the current Major uptrend and the Conversion Line has been above the Base Line for the most of it.

ADX bearish divergence

We are starting to see some bearish divergence between the uptrend of the the past 4 weeks (green arrow on chart) and the ADX (Average Directional Index) strength indicator (yellow arrow), meaning that the trend might be losing strength on shorter time frames (but not the Major trend, since the indicator is still well above 25 (at 45 right now)). We’ll better analyse this when we get to the intermediary trend.

Momentum

This uptrend seem to be accelerating.

The gray 26 week MA line has gained a new, more inclined, slope since the beginning of May, when the price broke the upper bound of the channel formed by the thick light blue trendline and the red thick trendline.

Accelerating Ichimoku Conversion Line

The Ichimoku Conversion Line (dark blue) has been getting more distant from the Base Line (red), a good sign of trend acceleration.

OBV convergence and ATH test

The OBV (On Balance Volume) momentum indicator is converging (light blue arrow) with and confirming the bullish price trend (orange arrow on the chart) for the past 20 weeks and is currently testing it’s all time high (red line).

MACD and Stoch RSI

The Stochastic RSI oscillator crossed up 2 weeks ago, it is low, but doesn’t indicate oversold (bellow 20) yet.

Its companion, the MACD indicator, however, confirms the price trend but diverges from the Stochastic RSI, which could indicate a short term bearishness. Maybe a double bottom pattern (green) on the Stochastic RSI is to form.

Flattening BBW (not what you’re thinking, pervert.)

The Bollinger Bands Width indicator might be giving us more information about this future seemingly bearish short term trend we have been smelling: It just got down from a peak, this usually is followed by periods of lower volatility (blue arrow), which could indicate that the short term bearish trend will be weak and maybe even sideways. We’ll better analyse this when we get to the intermediary trend.

TL;DR

Sentiment : Bullish;

: Bullish; Direction : Up;

: Up; Strength : Strong;

: Strong; Momentum: Accelerating;

Expect continuation of the long term trend, but it’s starting to show some signs of a weak short term bearish trend (better analysed bellow).