MICHELIN - Triple top below the top of the multi-years bullish channel - 07/21/2017 (GMT)

The weekly candles have done a succession of three remarkable bearish reversal patterns, below the top of a multi-years bullish channel.

First an evening star, then a dark cloud cover and last but not least a bearish engulfing pattern. Together these three patterns form a triple top.

With all these elements, I will favor the short side in the coming weeks.

Nota bene: The earnings of this company will be released next week, the July 25th after the bell.