Italy stock marketSome thoughts long-term.
Current pullback is from 138% of the wave ((B)). Impulsive move is likely in its fourth wave. Looks really scary going forward when the impulse is complete around 2023
IT40 trade ideas
Time has come!Did you miss me, wolves? 🔥
There is a great formation on IT40.
M pattern on time
It means SHORT🔥
The price had strong bearish sentiment before than entered into correction.
So now the price direct to potential follow of trend and start to move instantly.
Follow the chart and look for the best price to enter carefully.
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MIB : Negativo -MM50>MM200 entrambe positive.
Supertrend positivo.
Stc e Trix negativi.
Tic negativo da 20 gg.
Kumo negativa.
Short (v. Tr3 negativo) se < 25516
Giorni bui per l'ItaliaItaly might be good at FOOTBALL but NOT in FINANCE.
Dark Days Coming...
GOODLUCK!
FTSE
yeah the last key level SHORT TERM was broken, now you ned wait to 23500 level or below (red zone) meanwhile wait!
FTSE
yeah, descending channel and up!, if recover the last ascending channel, goes up above last high!
(MIB) Italy Index 12 Years RangeFTSE MIB (Milano Indice di Borsa), Italy Index. 12 Years Base, .382 Fibonacci, at Range Level.
Good chance of STRONG breakoutHello all, today I would like to share this analysis about the FTSE MIB index. A like would be appreciated; now, let me describe my strategy.
1. The horizontal line at the bottom seems to form a good support: it was touched several times in the last 20 years, but it hasn't been surpassed by any bar. Unfortunately, the "First resistance" line kept the index low for approximately 13 years.
2. This index shows a ciclic pattern: every 1300 days it goes from the bottom to the first resistance: it happened for 3 times.
3. Nowadays, we are again on the first resistance line: if there will be a breakout of it, the "Second resistance" will be reached in few bars: it's a potential +20% for the index.
4. Then, as we can see from the left of the graph, a green DOJI pattern could indicate a weakness of the "Second resistance" line. However, in my opinion there will be a pullback to the low price of the DOJI.
5. This won't stop the growth of the index, which will gain another 15% in the next bars.
The growth will slow down around 36700 points, as the historical channel of the index is 12300 points: today the index is at 24500 points and could gain the amount of the channel in the next future.
My target is 24500 + 12300 = 36700 LONG.
In my opinion, the ciclic aspect of this index will keep going on, so we will see this huge bounce up in the next 960 days (1300 days - 340 days).
Keep trading guys!!!!
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
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.
FTMIB Bullish Forecast23676.9 is a resistance zone that price will have to break to reach even higher. It is in a ranging trend.
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At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
italian stock marketitalian crisis is hard very likely new lockdown in all EU it will continue to crash
ITA 40 short due to rising covid restrictions3-4 weeks range, low risk high reward.
Italy right now is closing again from a rise in covid cases.
With the economy at the crisp of closing, the index will take a hit.
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 👎
