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FTSE MIB Index

FTSE MIB Elliott Wave Analysis UpdateThe FTSEMIB remains in its phase of correction of the long-term bearish trend. In particular, Wave 4 Intermediate would seem to be forming as a double three (double correction) WXY of Minor degree. The latter after finishing the W as flat expanded, has given way to the X, which at the moment seems to have completed as a double three (WXY) Minute grade. The latter was formed as a double zig zag, and the sub-waves of X Minute are a double correction of Minuette degree (expanded triangle / zig zag). The current scenarios in the short term are: -as just described Wave X Minor ended and Wave Y Minor started, in particular we would be in its first sub-wave; - Wave X Minor did not end as a double three, but is forming a triangle (ABCDE) or a triple correction (WXYXZ). One possible target of Y Minor is the Fibonacci retracement of Wave 3 Intermediate as illustrated in the daily chart on the left.
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by LucaDallago
In Desperate Need of ‘The Prince’Couldn’t find good long-term data for the Italian stock market. The price action going into 2000 is clearly an upwards correction. Since 2000, the MIB has traced out a Simple Flat, follow by a triangle B Wave and the ensuing Super Cycle C Wave is going to be brutal. 'Italy' will cease to exist as a political entity by mid-2020… 'Italy' has always been desperate to find their ‘Prince’. A good guy who could beat the corrupt villains at their own game, and a champion of the people. This current Band of Merry Socialist Villains are not it. Socialists invariably con the people out of their money with promises of shared wealth and equality. The Socialist politicians embezzle the wealth and the people share equally in misery. 'Italy' needs a hard-core economic reboot. Close the insolvent banks, disavow the unpayable government debt, issue a sound Italian Lira based on PM’s backed by 'Bill's of Exchange, kick out trifling foreigners that bring nothing of value to the country, and raise troops because you are going to have to defend your borders…
FShort
by Cincinnatuus
1
LONG FTSE MIB 23700 Goodmorning everyone, the corrective wave 4 (minor) now seems to have stopped, and wave 5 (minor) has started,that is a bullish propulsive wave. Currently we are at the beginning of wave 3 (minute), with input signal confirmed by Supertrend. Objective fixed with Fibonacci where wave 3 (minute) would assume equal extension of wave 1 (minute). I remember that wave 3 is never the shortest wave in a propulsive movement. Supertrend is used by trailing stop.
FLong
by AnacotAcciaio
1