From a technical point of view, the Italian index could trigger something like a wave (5), and if this is correct, we do not rule out a new TOP in the medium term. That said, we can try to take a long position around 21.536/21.351, and put stop loss below 21.153. This setup has a good R/R ratio (> 1: 3).
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Thank you for support and trade with care!
Trade active
Note
trend still bearish....Trade closed: stop reached
Bullish structure invalidated
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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.