A return move to previous high's is what the inverse head 7 shoulders is forecasting. Which is likely to happen in the next couple years. 30 years to get back to those levels! An entire generation! It's why deep capital markets , technology, having the reserve currency $, some financial doping, an entrepreneurial workforce, and degen investor base all...
The Italy 40 index, or the FTSE MIB, is considered the benchmark for the national Italian stock exchange, the Borsa Italiana. The index consists of the 40 most capitalized and liquid stocks that are listed on the Borsa Italiana. The IT40 now seems to have begun rising in what is expected to be the wave iii of 3 for the index. This particular wave is expected to...
Italy 40 Index - CAPITALCOM:IT40 Made up of 40 of the largest companies in the Italian equity market the Borsa Italiana , the IT40 gives us an idea of how the 3rd largest economy in Europe is performing. The Chart - 22 month cycles - 22 months increasing and then decreasing - Based on the pattern we are reaching the end of a 22 month period where price is...
Ten years after rescuing the euro with the iconic "Whatever it takes", Mario Draghi resigns as Italian Prime Minister, as the political parties that formed his majority no longer backed him. The uncertainty surrounding the upcoming general election reigns supreme, and the political crisis in Italy risks putting further downward pressure on the Italian FTSE MIB (...
The Pandemic is not over yet. But the decline of the Italian stock market has stalled a little. Are we going to see further declines? The Chaos Indicates towards a higher chance of a Wave 5 Down. If it breaks below the box, it is quite possible that it might drop to test the previous lows Followed by Target 2 which is TZ1 @Fib Exp [ 1.62
Today the Market is on a bullish bounce. Before starting to sell again we can consider this long entry from the Channel trendline
A possible retracement will be possible but from tomorrow morning we will go long to 25560
Hello guys i found an ascending triangle on IT40 on the daily chart. We can short now.
Failure to trade higher after 3 time units (reaction) will usually signal a continued decline.