Classic chart pattern. Impulsive move down followed by overlapping upmove to 61% Fib = another sharp leg down to follow in 3 or C.
Classic H+S top pattern formation. Divergent RSI.
Sell current 2410, stop 2550. Looking for 2100 target area coming few months. (risk 140 for profit 310).
If I had to guess (I currently don't trade ITA bonds) over the coming year or so we are likely to see 10yr yields in Italy rise to around 3.8% based on EW pattern and inverted H+S.
This is a better view of the 9 year uptrendline on GOOGL I mentioned earlier. If this breaks on a closing basis then minimum 10% downside to 920, more likely a lot lower.
Threatening a daily close (weekly would be ideal) below the 9 year uptrendline since 2009 lows.... this is the KEY for the whole market imo. If this line goes on a closing basis you will start to see heavy selling throughout the market. 10%-20% lower is possible.
