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FTSE MIB Index

SPX vs other markets since 2020Hi Guys, following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7. So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib. 1) from X to A represents the fall caused by pandemic; 2) A was made when the FED used its "bazooka" (2200 same level when Trump was elected US President); 3) a pullback or "bear rally" is happening from A into Fibonacci Retrecement levels or 200SMA or even beyond. The idea remains the formation of a W-Shaped recovery as favoured by many FED Members incl.Powell. However a V-Shaped recovery cannot be excluded as the letter B is yet to be confirmed as the "Bear Rally" may not be over yet. As the pandemic event originated by Covid19 triggered an enormous amount of "FEAR", please keep an eye on the VIX ("Fear Gouge" or "Fear Index"). Here below I will post snapshots of other markets for comparison. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:SPX500USD
by cozzamara
CAC 40 Index - heading towards 2012 lowEurope Markets entering strong bearish momentum. France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks. France, Spain, Germany following Italy's state of emergency. We expect now a lower low of the CAC 40 Index. At the correction move to 4600, we can start shorting the Index with the price target of 2012's low at 2800. Europe will enter in recession if serious state economic measures are not taken. "Two of the EU's biggest states, France and Spain, have followed Italy in announcing emergency restrictions to combat the spread of coronavirus. France, a country of 63.5 million, ordered the closure of all non-essential places used by the public from midnight (23:00 GMT)." 15 March - bbc.com Let me know your view in the comments down below!
EURONEXT:PX1Short
by TradingExpertGroup
FCA ANALYSISHi traders :) I'm Guario, and here are some thoughts about FCA possible future price action. Today FCA bought PSA becoming the fourth biggest automobile group in the world. Talking about its price analysis we can se that the italian title has broken a resistance level along with a Stochastic oscillator divergence. With the last candle, the price has also overtaked an important volumetric level, giving us an other bullish signal. Look at the chart for possible entry, stop or target points. Write me in the comment for any thought, question or critic. Good luck :)
FLong
by Guario
ISP ANALYSISHi traders :) I'm Guario, and here are some thoughts regarding ISP possible future price action. Although I prefer analyse forex, cryptocurrency or commodity markets, I've decided to bring this analysis to you traders because this title is giving pretty interesting signal. Infact ISP has just reached the volumetric level of 2.3425 along whit a very visible Stochastic divergence. ALso notice how price is perfectly reacting with the red up trendline which is now acting as support. I suggest to set your entry position just a little bit below the support level of 2.3215. Look at the chart for possible stop and targets levels. Write me in the comments for any question, thought or critic. Good luck :)
MIL:ISPShort
by Guario
UKX Price Action Analysis | Distribution SchematicThe Distribution Schematic #2, by Richard Wyckoff: bit.ly UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management. Entry: 7390 SL: 7810 TP-1: 6910 TP-2: 6610 TP-3: 6360 R/R: 2.44 ‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬ ‪The ideas published here are not financial advices. ‬
TVC:UKXShort
by CompositeTrader
5
FTSE MIB Triangle Breakout!INDEX:FTSEMIB is clearly breaking out a perfect triangle pattern, and this is a confirmation that a long position would be the best opportunity for a long term investment for this year... I think the best would be: Open a long position Keeping it up for one year max Closing the position before (10 days before min) the falling wave that comes after the triangle pattern. Happy trading to all! What do you think it'll happen after the triangle breakout? Would you do a totally long position or maybe use some oscillations to maximize profit? What about the leverage? I think that a 2x leverage would be the best and the safest option for this position.
INDEX:FTSEMIBLong
by UnknownUnicorn3978132
FTSE MIB - Looking to Short on Pullbacks!Italian markets came under strong pressure yesterday as Bloomberg ran a story that the EUCommission June 5th will consider a disciplinary procedure over Italy’s failure to rein in debt. An Excessive deficit Procedure is a lengthy process, but if the story is true, the standoff between Italy and the EU that we had expected in the autumn could start much earlier. We remain with a negative bias on FTSEMIB and BTPs. Sell short-term pullbacks today.
FOREXCOM:IT40Short
by Sam_Eder
FTSE MIB Elliott Wave Analysis UpdateThe FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the bull market scenario in the American markets. The Minor correction that has been formed so far is a double correction, composed of a flat (W), an expanding triangle (X) and a zig zag (Y). Inside we can highlight the following Fibonacci ratios: X = 0.382 * W and Y = 1.618 * W. Within Y, the sub-wave B retraced the 0.382 of A and C ended on level 0.618 of A. Within C Minute: 3 = 2.618 * 1 and 5 = 0.5 * 1. Currently, we are inside the first sub-wave of X Minor. From the central graph we note that the correction has already touched the 0.236 level from which it rebounded. At least another short-term move is expected in the short term before the end of the first sub-wave of X Minor.
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by LucaDallago