A return move to previous high's is what the inverse head 7 shoulders is forecasting. Which is likely to happen in the next couple years. 30 years to get back to those levels! An entire generation! It's why deep capital markets , technology, having the reserve currency $, some financial doping, an entrepreneurial workforce, and degen investor base all...
Pirelli is an Italian stock and the company is a producer of different type of product especially tire for all ty of vehicle. Recently start a bull trend that brings the stock price, to rise from its minimum of 3.278 to 4.721 bringing a rise of 44.49%. I got my signal and entered just in time to take some profit. Now the price reaches an area between the levels...
Buy 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...
Key levels drawn, asset moving sideways in a tightening channel. We will be selling at 5083!
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
L'analyse technique de l'indice boursier italien permet de mettre en avant plusieurs éléments baissiers concordants qui augmente la probabilité d'un baisse future ou du moins d'un timing parfait pour un scénario de baisse. TVC:FTMIB
First two take profit done! Thinking to open another short.
Hello traders! Today i want to show you FTSEMIB - italian index! It finally broke 24000 resistance area that as you can see from a weekly perspective it was a really important resistance zone! Usually don't post a lot of ideas about indexes but this one is really a nice breakout! Have a nice day traders!