A return move to previous high's
is what the inverse head 7 shoulders is forecasting.
Which is likely to happen in the next couple years.
30 years to get back to those levels!
An entire generation!
It's why deep capital markets , technology, having the reserve currency $, some financial doping, an entrepreneurial workforce, and degen investor base all...
The Italy 40 index, or the FTSE MIB, is considered the benchmark for the national Italian stock exchange, the Borsa Italiana. The index consists of the 40 most capitalized and liquid stocks that are listed on the Borsa Italiana.
The IT40 now seems to have begun rising in what is expected to be the wave iii of 3 for the index. This particular wave is expected to...
We have to wait for the zone. Keep in mind that this index always respects the zones, but if you want to be safe,I recommend taking an early entry with a 3% deviation of my entry point.
🔥 **Burning Point of Interest:**
The FTSE MIB, Italy's premier market barometer, has gracefully touched the 100-day Exponential Moving Average (EMA). For those in the know, this is not just a number but a *trend-defining moment*. Let’s dive deep and see what this rendezvous means for traders.
**Stats Don't Lie:**
In the past 6 months:
- 3 times the FTSE MIB...
Italy 40 Index - CAPITALCOM:IT40
Made up of 40 of the largest companies in the Italian equity market the Borsa Italiana , the IT40 gives us an idea of how the 3rd largest economy in Europe is performing.
The Chart
- 22 month cycles
- 22 months increasing and then decreasing
- Based on the pattern we are reaching the end of a 22 month period where price is...
The decrease in consumer price inflation in Italy could potentially have a positive impact on the country's economy, as it may help alleviate some of the pressures on households and businesses caused by high inflation. However, the impact on the overall economy may be limited, as inflation is only one of many factors affecting economic growth.
The performance of...
Hi,
I shorted FtseMib at $24542. I'm reloading my short at this level $24225.
My Final targets at $21225 & $20250.
SL at $25200
Reasons: ECB raising rates, recession incoming: less production and less consumptions --> lower dividends.
FTSEMIB had a rally recently, that it's not driven by FA. So, I'm expecting a correction during the first semester of 2023.
In...
Hi,
I have in mind 2 scenarios.
Currently INDEX:FTSEMIB is at the upper band of the BB, very close to its resistance level. I think it will be rejected and approach the support (1st rectangle area).
At this point,
IF global market conditions will be good and expected (and I mean SPX + Eurozone Interest rate), then INDEX:FTSEMIB may rebounce from this...
Italy soared today based on mere positive unemployment data regarding Spain (due to the countries having more or less same situation/economical foundation).
But these data does not have anything to do with Italy.
As the ADX shows, the Italian index goes up today but without an indication of a strong trend. This could show us, that the index will go down...
Ten years after rescuing the euro with the iconic "Whatever it takes", Mario Draghi resigns as Italian Prime Minister, as the political parties that formed his majority no longer backed him.
The uncertainty surrounding the upcoming general election reigns supreme, and the political crisis in Italy risks putting further downward pressure on the Italian FTSE MIB (...
The FTSEMIB will see a further large correction -34% retracing to FTSEMIB 14200 points. Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, stock returns and profitability.
FTSEMIB chart on a larger time scale, already...
Hi everyone!
As showed in my previous analysis on Dow Jones Industrial index(US30),also on the Italian major index we can see shaping a strong reversal trend patter(Head&Shoulder) on monthly timeframe.
Also,we can notice that the bull trend started last year in April,due to huge injections of liquidity made by ECB given by a so called tool named Quantitative...
Going into the next few trading sessions i see a long on IT 40 as a viable position.
From technicals we have potential to move lower by a further 200 points, i however see a reversal from the current region potentially sending the index higher.
TP and SL are on screen.
This is not financial advice.
