If it breaks above line, it moves up or if it breaks below line, it moves down
FTSE MIB (Milano Indice di Borsa), Italy Index. 12 Years Base, .382 Fibonacci, at Range Level.
Hello all, today I would like to share this analysis about the FTSE MIB index. A like would be appreciated; now, let me describe my strategy. 1. The horizontal line at the bottom seems to form a good support: it was touched several times in the last 20 years, but it hasn't been surpassed by any bar. Unfortunately, the "First resistance" line kept the index low...
Ladies and Gentlemen, The Dinosaurs are back: The Super Dragausaurus has appeared in Italy , just a few weeks after the most ethical dinosaur , the famous Yellenosaurus , made it's appearance back i the financial markets. A third one, the bald Amazonosaurus Interneticus of the Americas has decided to go for a healthy walk from Ceo to Executive Chair...
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...
23676.9 is a resistance zone that price will have to break to reach even higher. It is in a ranging trend. . At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on...
italian crisis is hard very likely new lockdown in all EU it will continue to crash
3-4 weeks range, low risk high reward. Italy right now is closing again from a rise in covid cases. With the economy at the crisp of closing, the index will take a hit.
📍 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...
ONE OF THE ITALIAN EQUITIES BENCHMARK, FTSE MIB PRESENTS A WIDE VARIETY OF TECHNICAL POINTS THAT SEE THE FTSEMIB IN A BEAR MARKET GIVEN THE REJECTION AT THE 200 DAYS MOVING AVERAGE, WHILE ALSO A WIDE SHAPED HEAD&SHOULDER PATTERN, THAT HAS BEEN THREADING WATER ALL ALONG BELOW THE 200 DAYS MOVING AVERAGE, GIVES A CLEAR WARNING OF WASHOUT OF FTSE MIB EQUITIES, THE...
Awaiting for price action away resistance and Stoch. RSI crossover. T.A.Y.O.R