Opened another short for catch some % on the free falling of the italians markets.
First two take profit done! Thinking to open another short.
A possible retracement will be possible but from tomorrow morning we will go long to 25560
Note and setup on chart... ITALIAN VERSION If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
Hi traders :) I'm Guario, and here are some thoughts about FCA possible future price action. Today FCA bought PSA becoming the fourth biggest automobile group in the world. Talking about its price analysis we can se that the italian title has broken a resistance level along with a Stochastic oscillator divergence. With the last candle, the price has also overtaked...
Hi traders :) I'm Guario, and here are some thoughts regarding ISP possible future price action. Although I prefer analyse forex, cryptocurrency or commodity markets, I've decided to bring this analysis to you traders because this title is giving pretty interesting signal. Infact ISP has just reached the volumetric level of 2.3425 along whit a very visible...
The Distribution Schematic #2, by Richard Wyckoff: bit.ly UK100 is currently in Phase D and has already done a Bearish SFP, which indicates a possible downtrend. This seems like a nice example of the Distribution Schematic #2 and also has a fundamental background due to #Brexit. Rest is Risk Management. Entry: 7390 SL: 7810 TP-1: 6910 TP-2: 6610 TP-3:...
INDEX:FTSEMIB is clearly breaking out a perfect triangle pattern, and this is a confirmation that a long position would be the best opportunity for a long term investment for this year... I think the best would be: Open a long position Keeping it up for one year max Closing the position before (10 days before min) the falling wave that comes after the...
The Italian political scene seems to be calming down with some kind of agreement between 5-Star movement and the Democratic Party. Traders would very much like to see the cautious DP back in power as they would likely defuse the tension between Italy and Brussles. We like continued upside today, with the US being away for Labour Day. Buy intraday dips ahead of...
European Indices trading lower across the board, with the FTSE MIB under-performing due to Banking sector as BTP yields rise sharply. Italy Dep PM Salvini is calling for a General Election Sell on pullbacks towards the most recent support zone, looking for 19600s.
The risk of a battle between the EU and Italy is looming after the EU signalled the launch of an EDP on the deviation of Italy’s 2018 fiscal figures from the EU targets. Statements from the Italian government suggest Italy will not stand down. Sell at market, since we have broken through the continuation point!
Italian markets came under strong pressure yesterday as Bloomberg ran a story that the EUCommission June 5th will consider a disciplinary procedure over Italy’s failure to rein in debt. An Excessive deficit Procedure is a lengthy process, but if the story is true, the standoff between Italy and the EU that we had expected in the autumn could start much earlier....
Bloomberg reported that Italian PM Conte accused Salvini of bringing down the coalition government in an end to a bad week for the Italian bond market. Meanwhile ramped up tension on the global trade front should continue to be a drag on investor sentiment. Technically we have dropped through our first target and selling continues. We favour continuation breaks...
Italy's stock market is the weakling in Europe due to the risk-off sentiment and on the back of the downward revision of growth in 2019 from 0.2% to 0.1% and a deficit in 2020 above 3%. The 10Y spread to Germany widened. We have broken through a key daily sup/res level. Momentum is negative. Consider adding shorts on a pullback.
Trend line rispettata in pieno, si punta sulle primissime resistenze. Se superate, tenere il titolo per altri giorni/mesi. Il titolo ha dei ottimi fondamentali.
The FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the...
Compared to the last update, the first scenario seems to have been confirmed, which represented Minor X wave as an expanding triangle. The first Intermediate 4 wave target we had set was reached (0.5 Intermediate 3 retracement and Minor W 0.786 extension). Minor Y wave is still in construction and seems to be forming like a zig zag. Wave B Minute seems to have...