TVC:FTMIB   Milano Italia Borsa Index
8



Weekly FTSEMIB that closes practically on the minimum of the previous week, biting it slightly.

It would be a slight short signal, but unconvinced, needs a confirmation next week.

What I see interesting is the breaking of the trendline (in red backbone)
That linked the departure of the lastes entr long signals. Another short signal.

Next week in the case of an initial start up I expect the pullback of the trendline , in zone 21000


If they start down immediately, the end of the lateral phase is decreed, taking the red channel path,
With first targetl in the 20000 area

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.