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Mib40

The Dinosaurs are back 🦕🦖🐊Ladies and Gentlemen, The Dinosaurs are back: The Super Dragausaurus has appeared in Italy , just a few weeks after the most ethical dinosaur , the famous Yellenosaurus , made it's appearance back i the financial markets. A third one, the bald Amazonosaurus Interneticus of the Americas has decided to go for a healthy walk from Ceo to Executive Chair Who is best? Mario Draghi🦕.. nobody messes with Super- Mario, he is fun and Italian🍝 Who is worse? Yellen🐊... taking 700,000$ from Citadel and now pretend she will regulate and save the markets
TVC:FTMIB
by FX_Professor
6
Sweet little bear - short the weakestBuy the strongest, sell the weakest. Buy the Nasdaq (strong fundamentals) , Sell the weakest (Italy has no tourism, Industrial production came out negative today and a gvment crisis seems on it's way as coalition partners are withdrawing support from a fragile government). I'm going short already and the chart almost agrees (almost at major resistance which means I am shorting it today but i am prepared to short again IF it manages to rise to the resistance). Hope it all makes sense. I am not a psychic to know what today and tomorrow brings, so hedging is important: Buy the strongest, sell the weakest. Ti amo Italia, pazienza amici.
TVC:FTMIBShort
by FX_Professor
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
FTSE MIB: Mid term short The trend of the Italian index on both monthly and weekly rates is strongly bearish: starting in May 2018, this series of sales does not seem to be finished yet from a technical and fundamental point of view. At the moment the price, in line with all the main world markets, seems to be recovering after having rebounded on the level of 18000 points and should retest the resistance placed in the area 19300 points with a possible but unlikely extension up to 19500. From this area there should be a series of short orders that will return the FTSE MIB to 18500/18000 points in a few sessions, except for changes in the political and economic scenario or the monetary policy of the European Central Bank. In any case, we will wait for the 19300 points before placing a short order. Join us for further analysis on: Web : www.bfcminvest.com Instagram : www.instagram.com Telegram : t.me Facebook Page : www.facebook.com
FShort
by BFCMInvest