Italy - Ready for another rally

FX:ITA40   None
182 0
It looks like Italy finished correcting and is heading for 23000. At 23000 there is the magic 1.27% fib level (magic in this particular chart) and if I would imagine where the envelope will be after a rally, I believe it would come in the vecinity of 23000.
Look how after breaking local support, Italy starts rising, it never stops at the support level , it breaks out, fools the herd, everybody's bearish , and up it goes. Picture looks the same today. I will open a position at the open. Keep in mind that on Thursday Mario Draghi has a press conference and he might pump some steam into the stock markets. Check out the previous chart on Italy .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out