LONG FTSE MIBLet's pick long position here and ride the correction upLongby UnknownUnicorn828044Published 2
FTMIB HAS COMPLETED PRIMARY WAVE B TRIANGLE On the 23 of January the Italian index touched its upper trend line completing intermediate wave (E) of Primary wave B (circle) triangle. This triangle pattern has been under construction since the low of 2009 and is now complete. This touching of this upper trend line also coincided the the Nasdaq composite and the Nasdaq 100 touching the upper trend line of their trend channels completing their fifth waves within the same week. Most of the global indexes have all completed their fifth waves and have been in throw overs of their trend channels some since December last year causing fifth wave extensions in the DJI & S&P indexes. If the markets have been waiting for the Nasdaq indexes to reach their upper trend lines and fifth waves completed across all major indexes the stage should now be now be set for a major collapse across the global. Indexes that have completed five waves and have touched the upper trend line of their trend channels theres a list of stocks and ETFs the trended inside parallel channels but I won't put them here. DJT, NAST, DJI, US30, SPX, S&P500, IXIC, NASDAQ100, RUT, UK100, IN50USD. Ralph Nelson Elliott noted that parallel trend channels typically mark the upper and lower boundaries of impulse waves, often with dramatic precision. Analyst should draw them as soon as possible to determine the end of a trend.Shortby WES-TPublished 2
FTSEMIB Weekly - Update - 27/01/2018 09:29:28FTSEMIB Weekly - Update - 27/01/2018 09:29:28 Fourth week upward with decreasing strength closing under multiday R1 support at 23879.84 it makes me think that the strength will continue to dim bringing even a few negative candles in the next two weeks which could lead us to test weekly support placed at 23331.58 New high at 24050.15, which I think will not be retouched next week. The next week I expect the beginning of a fall, to make it resume breath to the trend, which remains firmly long. Fall that should not extend below S3 to 23203.57. Reached S3 will open two hypotheses, end of decline and new rise for zone 24118 continuation of the decline for another week by zone 22704 The weekly adx is positive in contraction, the Fisher indicator is firmly long, therefore any rebates should not lead to an inversion. The indicator CM_laguerre, is still lateral and gives no indication. Weekly Resistance: 24050.150 Weekly Support: 23331.580 FTSEMIB Index - Last Value: 23856.99 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R1 = 23879.84 PIVOT = 23712.83 S1 = 23545.82 S2 = 23436.02 S3 = 23203.57 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22011.59 since 04/01/2018 by XiNiaNPublished 2
FTSEMIB Weekly - Update - 27/01/2018 09:29:28FTSEMIB Weekly - Update - 27/01/2018 09:29:28 Fourth week upward with decreasing strength closing under multiday R1 support at 23879.84 it makes me think that the strength will continue to dim bringing even a few negative candles in the next two weeks which could lead us to test weekly support placed at 23331.58 New high at 24050.15, which I think will not be retouched next week. The next week I expect the beginning of a fall, to make it resume breath to the trend, which remains firmly long. Fall that should not extend below S3 to 23203.57. Reached S3 will open two hypotheses, end of decline and new rise for zone 24118 continuation of the decline for another week by zone 22704 The weekly adx is positive in contraction, the Fisher indicator is firmly long, therefore any rebates should not lead to an inversion. The indicator CM_laguerre, is still lateral and gives no indication. Weekly Resistance: 24050.150 Weekly Support: 23331.580 FTSEMIB Index - Last Value: 23856.99 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R1 = 23879.84 PIVOT = 23712.83 S1 = 23545.82 S2 = 23436.02 S3 = 23203.57 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22011.59 since 04/01/2018 by XiNiaNPublished 8
FTSEMIB Weekly - Update - 01/13/2018 10:24:25FTSEMIB Weekly - Update - 01/13/2018 10:24:25 Very positive week even the one just passed that has opened the way to zone 23880, but that we will not reach immediately. Next week I expect a bit of profit taking that will be there lead to review area 23133 But be careful with shorts, strong hands are still all long and hunting shorter's stops The weekly adx has returned firmly positive, while the indicator Fisher has reversed therefore, we still expect positive weeks, after the profit taking next week. The CM_laguerre indicator is still lateral and not indicative. Weekly Resistance: 23474,510 Weekly Support: 21613,890 FTSEMIB Index - Last Value: 23429.83 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 23879.84 R2 = 23545.82 R1 = 23436.02 PIVOT = 23319.80 S1 = 23203.57 S2 = 23133.42 S3 = 22923.11 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22.011.59 since 04/01/18by XiNiaNPublished 6
Possible trend inversionWe can see a trend that is probably going to invert its raise by studying the EMAs and MACD 3/10. The croosing of the 2 EMAs (20 and 50 periods) is a signal of a changing situation, this is strengtened by the extended MACD divergence that doesn't confirm the new relative maximums. If this trend inverts possible price goals could be found with the Fibonacci retracement. Shortby MarkMarketsUpdated 1
FTSE MIB sell Opportunity Ftse mib 4h Sell opportunity waiting for potential bounce point due to the confluence of fibonacci res. level at Midline of pitchfork!!! Good luck!!!!!!by MANOLISUpdated 30
Weekly FTSEMIB still FLAT Weekly FTSEMIB still FLAT, it's not yet indicative for the future Weekly Resistance: 21916 Weekly Support: 21335 The daily breaking up of the resistance at 21916 has target in area 23000 while the daily breaking down of the support has target in zone 20537by XiNiaNPublished 1
Weekly FTSEMIB still FLAT Weekly FTSEMIB still FLAT, it's not yet indicative for the future Weekly Resistance: 21916 Weekly Support: 21335 The daily breaking up of the resistance at 21916 has target in area 23000 while the daily breaking down of the support has target in zone 20537by XiNiaNPublished 6
Weekly FTSEMIBWeekly FTSEMIB The CM_Laguerre indicator is completely unloaded so in the coming weeks it should return to go up. Weekly Resistance: 22028.020 Weekly Support: 21329.210 The breaking of the weekly resistance with a daily candle will take it to the target in area 23196, while the breaking of the weekly support will take it to the target in area 20342 for mid-SeptemberLongby XiNiaNPublished 5
Weekly FTSEMIBWeekly FTSEMIB The CM_Laguerre indicator is completely unloaded so in the coming weeks it should return to go up. Weekly Resistance: 22028.020 Weekly Support: 21329.210 The breaking of the weekly resistance with a daily candle will take it to the target in area 23196, while the breaking of the weekly support will take it to the target in area 20342 for mid-SeptemberLongby XiNiaNPublished 9
Weekly FTSEMIB that returns longWeekly FTSEMIB that returns long Weekly FTSEMIB breaking the descending channel and canceling all bearish hypotheses of previous weeks. Next week will probably come down to testing the newly broken channel then continue to try to raise to 22500 Weekly resistance: 21793,720 Weekly Support: 21149,290 Short only at 21149 daily breakLongby XiNiaNPublished 2
Weekly FTSEMIB that returns longWeekly FTSEMIB that returns long Weekly FTSEMIB breaking the descending channel and canceling all bearish hypotheses of previous weeks. Next week will probably come down to testing the newly broken channel then continue to try to raise to 22500 Weekly resistance: 21793,720 Weekly Support: 21149,290 Short only at 21149 daily breakLongby XiNiaNPublished 6
FTSEMIB - Intraday Entry long started FTSEMIB Index- ADX / ADM - TS V. 2.9.1 - Intraday Levels for 03/08/2017 ADM - Average Daily Movement - Intraday Levels Entry on close 1H (hourly candle) ... if exceeded the indicated level LONG if > 21657.91 TP1 = 21750.91 TP2 = 21841.84 TP3 = 22027.84 Stop Loss = 21489.31 SHORT if <21489,310 TP1 = 21,396,310 TP2 = 21,305,380 TP3 = 21,119,380 Stop Loss = 21,657,910 "On my blog, find the detailed explanation of how these levels works"Longby XiNiaNPublished 1
FTSEMIB - Intraday Entry long started FTSEMIB - Intraday Entry long started FTSEMIB Index- ADX / ADM - TS V. 2.9.1 - Intraday Levels for 03/08/2017 ADM - Average Daily Movement - Intraday Levels Entry on close 1H (hourly candle) ... if exceeded the indicated level LONG if > 21657.91 TP1 = 21750.91 TP2 = 21841.84 TP3 = 22027.84 Stop Loss = 21489.31 SHORT if <21489,310 TP1 = 21,396,310 TP2 = 21,305,380 TP3 = 21,119,380 Stop Loss = 21,657,910 "On my blog, find the detailed explanation of how these levels works"Longby XiNiaNPublished 4
FTSEMIB, I expect today's R1 test at 21600.72FTSEMIB, I expect today's R1 test at 21600.72 Depending on the outcome you can continue to zone 21680, on the top of the Short-term bullish channel, or return to pivot in zone 21518 FTSEMIB Index CROC X1 - Supports / Resistors - Multiday (TF - 1H) R3 = 22210.34 R2 = 22107.30 R1 = 21600.72 PIVOT = 21517.69 S1 = 21434.66 S2 = 21245.73 S3 = 21179.71 CROC X3 - Last Signal (Long Term - TF 1D) Since 29/11/2016Longby XiNiaNPublished 2