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FTSE MIB Index

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FTSEMIB trade ideas

FTSE Mib going down since the electionsFTSE Mib is deeply retracing since May 2018, after the Italian political election, when the index broke the main trend support as well as the support offered by 50 and 200 days EMA. Since May, the index is down 21% and overall indicators doesn't seem to suggest a reversion anytime soon. MACD shows bearish signals as well as 50/200 days EMA diversions. Current political situation increases the probability of the continuation of the retracement. ***As usual not a trading advice but merely my idea for information and educational purposes only***
TVC:FTMIBShort
by SteveEnnom
FTMIB HAS COMPLETED PRIMARY WAVE B TRIANGLE On the 23 of January the Italian index touched its upper trend line completing intermediate wave (E) of Primary wave B (circle) triangle. This triangle pattern has been under construction since the low of 2009 and is now complete. This touching of this upper trend line also coincided the the Nasdaq composite and the Nasdaq 100 touching the upper trend line of their trend channels completing their fifth waves within the same week. Most of the global indexes have all completed their fifth waves and have been in throw overs of their trend channels some since December last year causing fifth wave extensions in the DJI & S&P indexes. If the markets have been waiting for the Nasdaq indexes to reach their upper trend lines and fifth waves completed across all major indexes the stage should now be now be set for a major collapse across the global. Indexes that have completed five waves and have touched the upper trend line of their trend channels theres a list of stocks and ETFs the trended inside parallel channels but I won't put them here. DJT, NAST, DJI, US30, SPX, S&P500, IXIC, NASDAQ100, RUT, UK100, IN50USD. Ralph Nelson Elliott noted that parallel trend channels typically mark the upper and lower boundaries of impulse waves, often with dramatic precision. Analyst should draw them as soon as possible to determine the end of a trend.
TVC:FTMIBShort
by WES-T
FTSEMIB Weekly - Update - 27/01/2018 09:29:28FTSEMIB Weekly - Update - 27/01/2018 09:29:28 Fourth week upward with decreasing strength closing under multiday R1 support at 23879.84 it makes me think that the strength will continue to dim bringing even a few negative candles in the next two weeks which could lead us to test weekly support placed at 23331.58 New high at 24050.15, which I think will not be retouched next week. The next week I expect the beginning of a fall, to make it resume breath to the trend, which remains firmly long. Fall that should not extend below S3 to 23203.57. Reached S3 will open two hypotheses, end of decline and new rise for zone 24118 continuation of the decline for another week by zone 22704 The weekly adx is positive in contraction, the Fisher indicator is firmly long, therefore any rebates should not lead to an inversion. The indicator CM_laguerre, is still lateral and gives no indication. Weekly Resistance: 24050.150 Weekly Support: 23331.580 FTSEMIB Index - Last Value: 23856.99 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R1 = 23879.84 PIVOT = 23712.83 S1 = 23545.82 S2 = 23436.02 S3 = 23203.57 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22011.59 since 04/01/2018
TVC:FTMIB
by XiNiaN
FTSEMIB Weekly - Update - 27/01/2018 09:29:28FTSEMIB Weekly - Update - 27/01/2018 09:29:28 Fourth week upward with decreasing strength closing under multiday R1 support at 23879.84 it makes me think that the strength will continue to dim bringing even a few negative candles in the next two weeks which could lead us to test weekly support placed at 23331.58 New high at 24050.15, which I think will not be retouched next week. The next week I expect the beginning of a fall, to make it resume breath to the trend, which remains firmly long. Fall that should not extend below S3 to 23203.57. Reached S3 will open two hypotheses, end of decline and new rise for zone 24118 continuation of the decline for another week by zone 22704 The weekly adx is positive in contraction, the Fisher indicator is firmly long, therefore any rebates should not lead to an inversion. The indicator CM_laguerre, is still lateral and gives no indication. Weekly Resistance: 24050.150 Weekly Support: 23331.580 FTSEMIB Index - Last Value: 23856.99 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R1 = 23879.84 PIVOT = 23712.83 S1 = 23545.82 S2 = 23436.02 S3 = 23203.57 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22011.59 since 04/01/2018
TVC:FTMIB
by XiNiaN
FTSEMIB Weekly - Update - 01/13/2018 10:24:25FTSEMIB Weekly - Update - 01/13/2018 10:24:25 Very positive week even the one just passed that has opened the way to zone 23880, but that we will not reach immediately. Next week I expect a bit of profit taking that will be there lead to review area 23133 But be careful with shorts, strong hands are still all long and hunting shorter's stops The weekly adx has returned firmly positive, while the indicator Fisher has reversed therefore, we still expect positive weeks, after the profit taking next week. The CM_laguerre indicator is still lateral and not indicative. Weekly Resistance: 23474,510 Weekly Support: 21613,890   FTSEMIB Index - Last Value: 23429.83 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 23879.84 R2 = 23545.82 R1 = 23436.02 PIVOT = 23319.80 S1 = 23203.57 S2 = 23133.42 S3 = 22923.11 CROC X3 - Last Signal (Long Period - TF 1D) LONG from 22.011.59 since 04/01/18
TVC:FTMIB
by XiNiaN