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Ftsemib_analysis

FTSE100 Sell & Buy SetupThere are two setups on this chart: 1. Buy Setup We expect the price to pull back to the Supply Zone where we are looking to sell and take profit at the next Demand Zone. 2. Buy Setup If setup 1 plays out as expected and the price return to the demand zone (setup 1 target), we will buy at the level and take some profit at 7481.6 area. I personally will be holding some of the position in case the price still wants to continue going up. Feel free to ask any question and I will do my best to answer.
OANDA:UK100GBPShort
by MatrixPip
ridethepig | FTSEMIB📍 This diagram comes after the conversation with @lu1977hk, and is no more imaginative than the positional flows across the global equity board. In Italian Equities the initial offensive targets for sellers come in at 18,466; 17,643 and 16,819 from a "fibs perspective". The connection of further downside in European and Global Equities is more or less the same sort of difficulty all round. Think of this like a composer trying to adapt the pianist to enter into the full orchestra. FTSEMIB shorts are another to add to the basket. French Equities: German Equities: Eurostoxx: The theme appears to be across the board on an epic level, with the whole series of European markets in a downwards move towards support. In reality, however, this manoeuvring shakeout is going to be strategically important from a positioning perspective for when we are loading the lows (we will cover that later in 2021). Thanks as usual for keeping the feedback coming 👍 or 👎
INDEX:FTSEMIBShort
by ridethepig
4
FTSE MIB Elliott Wave Analysis UpdateThe FTSE MIB index remains within Intermediate wave 4 .Minor wave X seems to have definitely ended up as a triangle, even if the Minor wave X scenario as a double three (as proposed in last week's analysis) still remains open. In the first case (Minor X is triangle), at present, the index is in the Minute wave A of Minor Y and specifically, in its third wave of the Minuette degree. In the second case, the double three of the Minor degree that composes Intermediate 4 wave is composed both in W and in Y by a flat correction, forming what could be called a "double flat". In this case the MIB is in the Minute C wave of the flat Minor Y and in particular, in its third wave of the Minuette degree. On the operative side, it is recommended to have both the mode and the function of the wave on one side. The first Intermediate wave 4 target is still 20300 points (0.5 of Intermediate 3) that matches the Minor wave Y target (0.786 of W Minor).
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by LucaDallago
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