iTradeAIMS

IT40 - Is Italy going to see another wave down?

Short
CURRENCYCOM:IT40   Italy 40
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

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.