Ten years after rescuing the euro with the iconic "Whatever it takes", Mario Draghi resigns as Italian Prime Minister, as the political parties that formed his majority no longer backed him. The uncertainty surrounding the upcoming general election reigns supreme, and the political crisis in Italy risks putting further downward pressure on the Italian FTSE MIB (...
Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. All of these counts correspond to a larger wave that may have preceded a correction or triangle. Based on counting, we are in a zigzag motion, and from this zigzag, waves a and b are over, and now we are...
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same situation like other index, false breakdown, recover it and retest lol
yeah the last key level SHORT TERM was broken, now you ned wait to 23500 level or below (red zone) meanwhile wait!
yeah, descending channel and up!, if recover the last ascending channel, goes up above last high!
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📍 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...
📌 Eurostoxx 50 is in question here and we have a good illustration of the ABC outpost. The main target 3,489 is still open for a test but a breakdown here will seal it for the year. In a nutshell, this is a chart speculating that we are in the very early days of the "C" leg down. It is the same opening move in play for German Equities, DAX: This leg...
SHORT IDEA Based again on higher timeframes price action s/r levels do you agree or disagree??:)
Tomorrow I'd be expecting a third test of the resistance in the graph. Only a breakout with high volume can be considered valid for the uptrend. If not, I'd short it on a fake breakout. Indicators do not convince me to go long. IMHO news about FCA PSA merger are already discounted. No reason to still price the security for that.
FTSE MIB continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minute counter-trend wave 2. The next move should be minute 3, where the most probable target is is below 17,000. If prices crosses up 20,400, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
FTSE MIB seems to be tracing intermediate wave (C ) up that will complete primary wave 2. Most probable target before the trend is reversed lyes in the range 20,350 - 21,200. A move below 17,600 would indicate the trend already reversed. FOLLOW SKYLINEPRO TO GET UPDATES.
Hi Guys, following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7. So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib. 1) from X to A represents the fall caused by pandemic; 2) A was made when the FED used its "bazooka" (2200 same level when...
Some pull back may happen in the next few months but the index is ready to reverse to the mean, and align itself to the other global indexes. Enjoy if you dare!
The Italian stock index recently concluded cycle wave 2 counter trend up and it is developing primary wave 1 down. The current upward movement is a counter trend that could be labeled intermediate wave 4 or primary wave 2. The log-term forecast is the same in either cases, after this counter trend up the index should go for a long-term downward path. FOLLOW...
Europe Markets entering strong bearish momentum. France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks. France, Spain, Germany following Italy's state of emergency. We expect now a lower low of the CAC 40 Index. At the correction move to 4600, we can start shorting the Index with the...