The technical figure Falling Wedge can be found in the Italian company FinecoBank S.p.A. (FBK.mi) at daily chart. FinecoBank S.p.A., known as FinecoBank or just Fineco is an Italian bank that specializes in online brokerage. Launched in 1999 with its Fineco Online service for retail traders, Fineco became a listed company in 2014 and has been independent from...
Long term view (weekly): long
Mid term term (daily): MACD increasing, on VWAP (green solid line)
Entry level: 15.33
TP: 15.7 area first target (+2.5%) , than up to 15.98 (+4%)
SL: 14.95 area (-2.5%)
Not advise, just my trading journal
More depends how it opens at 9.00 AM GMT+1 on 9 feb 2021. Please don't buy if the price is too much distance. If opens low, wait for the price move up at the entry level, iif price open above the entry level please wait to return down and then lokk for price action, so you will be able to understand if reject or accept the level in order to open position.
Best.
FinecoBank SpA (FBK - Italy) is in 3rd subwave of 3rd of C ABC wave pattern. Wave A was leading diagonal structure & wave B was flat correction. It is possible to extend the move, will see how it unfolds.
FinecoBank SpA (FBK - Italy) is in ABC wave pattern in 60 min time frame. Wave A was leading diagonal structure & wave B is complex correction, which is in progress. After that C wave up will start. In daiy time frame, this sequence is either the part of bigger WXY correction or may be the C bigger wave up as impulse, which will be known as time progresses.
Possible Head and Shoulders for FBK. It is at the maximum price for the right shoulder. Be careful for the long period as it could hit 9.00 in March 2020.
