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FTSE MIB - Strong Resistance
Wait for 24.05 to enter in a good trade in Ferragamo CHXEUR:SFERM
I see a completion of a triangle pattern in banca ifis chart.
price is on support line weekly so good chance to ride the breakout if will happen
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (57 Share Indices)
Best regards :)
The attempt of passing the descresing trend line (dashed) is continuing and the end of the week will tell us the future of mib for the next weeks.
MIB is trying to escape the decreasing tl started in the end of December 2015.
i think MIB go UP .. :)
i think MIB go down for Wave 5
MIB shows signs of a downtrend (again). Around 17300 we expect a rezistance with higher volatility due to BREXIT.
MIB is mainly driven by low-quality titles from the bank sector.
We expect reaction to the downside with quite interesting RRR of almost 3.
More you can find and learn free on UncleTrader.com.
A confluence of technical hurdles is likely limiting any immediate upside potential in the Italian MIB Index, based on the following set of observations:
1 - ELLIOTT WAVE + GEO: In the most recent past (12-19 OCT 20009), price rallied to complete Elliott Wave's 4th wave, completing its corrective swing at ...
The Big Bubble ... as every time this time is different ... it's true this time the outbreak was unprecedented...
QE effects from the beginning - start end 2008
S&P(orange) +186% - USD/JPY +22% USD/EUR +15%
Nikkei (blue Mountain) +165% JPY/USD -22%
FTSE100(blue points) +80% GBP/EUR +21% GBPUSD+3%
DAX(green points) +201% EUR/USD -15%
MIB Italy( brown points) +46% ...
While all equity markets ( DAX - SP - and today FTSE 100) are in the highest level of ever index Italian is just 2.50% up from high 2014 with a devaluation of eurusd of 20% ... also financial bubbles reflect some economic fundamentals..the italian economic is stuck at 0 % of GDP , and shows no signs of recovery...MIB index on which to speculate , and sooner or ...
Bubble from QE on Italy Stock index
Compensation loss index value
The devaluation of the euro is offset by index
06062014 index 22500 eurusd 1:36
180316 index 22500 eurusd 1:05
theoretical value index change at 1.05 is 17500. The QE and the weakness EURUSD have created a bubble in the value of 5000 points.. is not now but in the end the bubbles burst...
Maybe a little labour intensive for some but a safe way to book profit without much risk.
Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting ...