steveoliveira

Italy can retrace?

INDEX:MIB   Italian MIB Index
571 1 3
We have here a retest of the resistance zone while showing a very bearish combination of candles.
I expect to see some downside in the next days, probably testing the 16600 zone which was a previous rotation area. It could develop in an ABC             format.

We didn't see the retest of the mid point at 17600, but the tape continue to show selling strength.
MIB has completed his 38.2 percent fibo retracement.very powerful bullish ingulfing candle has formed at 38.2 percent at fibo level. it seems to me that MIB is now starting an uptrend.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out