Buy the strongest, sell the weakest.
Buy the Nasdaq (strong fundamentals) , Sell the weakest (Italy has no tourism, Industrial production came out negative today and a gvment crisis seems on it's way as coalition partners are withdrawing support from a fragile government).
I'm going short already and the chart almost agrees (almost at major resistance which...
The Pandemic is not over yet.
But the decline of the Italian stock market has stalled a little.
Are we going to see further declines?
The Chaos Indicates towards a higher chance of a Wave 5 Down.
If it breaks below the box, it is quite possible that it might drop to test the previous lows
Followed by Target 2 which is TZ1 @Fib Exp [ 1.62
L'analyse technique de l'indice boursier italien permet de mettre en avant plusieurs éléments baissiers concordants qui augmente la probabilité d'un baisse future ou du moins d'un timing parfait pour un scénario de baisse.
Hello traders! Today i want to show you FTSEMIB - italian index! It finally broke 24000 resistance area that as you can see from a weekly perspective it was a really important resistance zone! Usually don't post a lot of ideas about indexes but this one is really a nice breakout! Have a nice day traders!