ITA40 SHORTSTwo scenarios
PA around a hook point, a retrace followed by a bear flag Or
PA at VA then a H1/H4 retrace would be an ideal entry
Market insights
IT40index (IT40CASH) - potential double top on 1 hour chartAll my variables lined up for entry.
Before I enter any trade, I predefine and fully accept my risk. That way, if the trade is a loser, there’s no emotional pain—just probability playing out. Over the long run, my edge means more wins than losses.
Key Details
📊 Risk/Reward: 4.6
🎯 Entry: 42 910
🛑 Stop Loss: 43 072.4
💰 Take Profit 1 (50%): 42 230
💰 Take Profit 2 (50%): 42 012
Stop loss is set. Now it’s time to sit on my hands and let the market do its thing.
💡 #GTradingMethod Tip: The hardest part of trading is often doing nothing. Trust your process, not your emotions.
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Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
FTSEMIB - 3+ MONTHS OUTLOOKI will add details if July setup is confirmed, for the time being, this is just an idea of price might evolve.
If price breaks upward the channel...then this idea will not be explored further, although, I have to say that geometry is speaking loud.
shows potential target areas for next high and low.
IF it is a new ITM (intermediate cycle) then we have 75%/80% chances to enter into the green box, while if it is just a new MTY, price might not go that high and bottom will be reached by end of July / early August.
Similar setup for all markets (SPX/DAX/FTMIB)
FTSE MIB (IT40) Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# FTSE MIB (IT40) Stock Quote
- Double Formation
* (A+ Set Up)) | Completed Survey
* Wave Feature + Long Entry Bias | Subdivision 1
- Triple Formation
* ((No Trade)) At 0.80% To Percentage Related Settings | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed To 100
- Position On A 1.5RR
* Stop Loss At 129.00 EUR
* Entry At 135.00 EUR
* Take Profit At 145.00 EUR
* (Uptrend Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Italian market RSI reaches 2007 multi decade highThe FTSE MIB has been performing well as a result of the increasing expectation of european fiscal expansionary policy as well as localized defense spending (expected economic multiplier effect) Italy has national defense players however Italy has historically been importing the vast majority of its defense needs from the US. Expectations are that this policy will change in favor to national players (leanardo as an example).
The pace at which we have seen US equity outflows to European inflows has been staggering, i think this is a structural shift towards global stocks outperforming US stocks (check my previous post) however as has happened in the Chinese market we got a few mini corrections to participate. The Italian market seems to be ripe for one.
Not calling for a multi decade top though, we will likely continue the rally (global PMIs seem to be trending up which is likely europe positive)
FTMIB - 10 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Short top MIB DAXI will proceed with a targeted shorting operation on the tops of the closures related to the t-3 inverse cycles, in line with the expected market dynamics and the established trading strategies. This action aims to optimize exposure in risk management and maximize potential profit from price fluctuations, leveraging signals derived from cyclical analysis and indications of trend reversals.
Italy 40: Trend Breakout34,820~ was a major level for the Italy 40 index. This level held since June 2024 and I saw price breach above it just near the end of last week.
As I look for the trading session ahead, further upside potential is expected provided that price is able to remain supported above this level.
ADR: 40
SL: 40
TP: 80
Italian Law & Eur Affect the MIBToday, the European market started lower, strongly influenced by the rise in global bond yields. This has affected confidence ahead of the release of long-awaited inflation data at the end of the week. Yesterday Wall Street showed some weakness coupled with the Asian market also closing in losses, partly under pressure from rising US Treasury yields as inflation concerns are influencing talk of keeping interest rates higher for longer than desired and expected by analysts. This kept the 10-year bond near its lowest level in recent weeks.
German consumer prices released yesterday rose more than the market forecast in May, so this ensures that attention will be even more focused on the eurozone tomorrow. Expectations are for eurozone inflation to rise by 2.5% year-on-year in May, up from 2.4% in April, which would prompt the ECB to react by cutting rates next week, but this moment of uncertainty is making investors and speculators alike nervous.
During the first hour of European trading, the market has turned around recovering those lost positions and Europe is currently in “thinking green”. This may be related to the fact that the ECB may not have to worry about the dollar for a while and may concentrate on finding a path to stability as they believe the EURUSD will remain sideways as a carry-on-trade currency, which was a very strong focus of concern as a 1% drop in the euro against the dollar according to Swiss Re means about 12 basis points of inflation in the euro zone, hence this could be felt as a risk to European prices. With a defensive dollar, this risk has softened. The May meeting has greatly tempered the waters of a Jerome Powel looking to cut interest rates.
Focusing our attention on the Milan Stock Exchange, already on the 27th the Italian parliament has supported a bill to shore up its stock exchange trying to attract investors and trying to compensate for the losses of important companies that were listed on it due to other markets and acquisitions that have taken place. This plan, although it may seem counterproductive and discourage foreign investments, allows companies to issue shares that increase up to 10 times the voting rights of old investors, while Italy seeks to curb relocations to the Netherlands, which seems to be the country of choice for companies that make it easier for established shareholders to maintain tight control over companies. This provision has infuriated large funds that are pro: “one share, one vote”, which prevents the concentration of power in the hands of a few. Although there are lawyers arguing about the ambiguity of the bill, the government has committed to review a possible law amendment by the end of the year.
Looking at the chart, since the publication of the amendment, the index has lost -2.65% until today's opening. The European trend has meant that today the FTSE MIB (Ticker AT: ITA40) has recovered 0.90%.
What is clear is that if this uncertainty continues to be sustained, it is possible that an oversold situation will exist throughout the summer until this law is corrected.
In a one-hour chart, at this moment, the price formation has a mono-bell disposition with a checkpoint price around 34,846 points.
Currently the current range is between 34,876.19 and 33,988.40 so it could be said that it is exactly in the middle of the channel. The RSI is currently around 47% so there is hardly any imbalance. It is very possible that we will see the index fluctuating around that price average for a season.
Ion Jauregui - ActivTrades Analyst
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All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Borsa Italiana tp $48KA 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 combined to push the US market to dizzying heights.
ITALY 40 Bearish Heist Plan Down SideHola Ola Smart Traders,
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ITALY PREPARING FOR NEXT LEG TO THE BULL MARKETThe 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 take the index towards the 40K mark from the current 29k mark(a hefty 40% move).
The index of the European country is one more global index to be added to list of several others on the move in a bull market that can go on for several more years to come(of course with regular corrections and pauses on the way).
Note*- This chart is for educational purpose only
SELL ITA40 - S-tier setupWe 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.
Mib rising wedgeWhen a pattern like that shows, it never ends well. Mib is facing overhead resistance in 28.000. A quick move downwards would be a buying opportunity.
FTSE MIB Faces the EMA 100: A Dance of Bulls and Bears🔥 **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 kissed the EMA 100 and rebounded with an average gain of 5.7%.
- The 2 times it broke below, a downturn of approximately 4.3% followed.
**What’s Next? Buckle Up!**
1. **Green Lights Ahead (Bullish Scenario):** A spirited bounce off the EMA 100 could be a call to action for the bulls. If the FTSE MIB steers north and holds firm above this level, traders might be cruising on the profit highway.
2. **Red Flags Waving (Bearish Scenario):** Should the index dip below, the bears might have their day in the sun. For those with a risk-averse appetite, it's a cue to tread carefully or even consider temporary exits.
**Mark Your Calendars: Economic Events To Watch!**
1. **Italian Industrial Production Data:** Historically, a 1% swing here has correlated with a 2% move in FTSE MIB.
2. **ECB’s Big Day:** A whisper of rate hikes or cuts can send shockwaves across European indices.
3. **Consumer Pulse – Italian Style:** The last spike in consumer confidence translated to a 3-week bullish trend for FTSE MIB.
4. **Eurozone’s GDP Play:** With Italy playing a pivotal role, a 0.5% change in GDP growth can make or break market sentiments.
**1D Trading Goldmine:**
Use the EMA 100 as your compass. Staying above? Chart bullish territories. Sinking below? Adjust your sails for bearish waters.
**In a Nutshell:**
It’s not just about the numbers; it's the story they weave. As FTSE MIB flirts with the EMA 100, traders have a thrilling chapter ahead. However, always keep a keen eye on the economic horizon and political tension🚀📉📈
Italy - 3rd Largest Economy in the EUItaly 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 typically up to 30% lower from current level.
- A bearish engulfing monthly candle appears to be forming here. If we close this month with a bearish engulfing candle, history would suggest significant down side will follow.
- We have not lost the 10 month moving average yet which typically offers confirmation of further decline.
Past patterns are no guarantee of a continuation of future patterns however we can watch out for the continuation.
Confirmation signals of significant downside which would be;
- Bearish Engulfing Monthly Candle (end of Aug)
- Losing the 10 month moving average
- In the event of same decline time window once in motion would be Aug - Nov 2023 (based on pattern)
Lets see what happens.
PUKA
ITALIAN ECONOMY AS REQUESTED BY A VIP SUBThe 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 the Italian stock market, as reflected by the FTSE MIB index, is likely to be influenced by a range of factors beyond inflation, including global economic conditions, corporate earnings, and investor sentiment. The recent losses experienced by the banking sector could be a concern for the economy, as banks play a critical role in providing credit to businesses and households.
In terms of the euro currency, the projected decline in HICP inflation in 2023 and beyond could potentially be viewed as a positive development by investors, as it may alleviate some of the concerns about inflation and reduce the likelihood of tighter monetary policy from the European Central Bank. However, the euro's performance will also be influenced by a range of other factors, including global economic conditions, political developments, and the outlook for monetary policy in other major economies.
It's been an exciting week for the Italian economy as stocks continue to rise further. The European Commission's Winter Interim Forecast has lifted the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area, which is great news for those invested in the region. Additionally, the decrease of inflation target in Europe in 2023 is expected to provide even more upward momentum for the economy. While the recent positivity has brought the Italian stocks up to a key resistance zone at 28,000, some experts are cautioning that it looks overbought in the short-term. However, there could be a big appreciation on the horizon, making now an excellent time to consider investing in the Italian and euro economy after we get the pullback to level out price action.
Short Ftse MibHi,
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 Addition, Italy will be the most exposed country to recession in the Euro zone. (recent IMF and ECB analysis claims).
FTSE MIB (short Idea)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 area and try to break the resistance line. [ scenario A ]
IF global market conditions will NOT be good and SPX will be rejected from its trendline, then INDEX:FTSEMIB may retest the 2nd support area.
events noted: Today Lagarde's speech and on 2nd Feb the Eurozone monetary policy
FTSE MIB SHORTIt will at least go back to previous lows then we will see based on how the government is working
Italy40 Bear trendItaly 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 again.
If the Italian index will go down tomorrow, this week or the coming week is not important, IT WILL GO DOWN - ITS THAT SIMPLE.
The Italian economy simply can't handle the increasing interest rates from ECB + the situation regarding inflation.
An economy based on tourism will suffer when all the tourists have to save on travels and use that money on electricity bills instead.
Again... IT WILL GO DOWN - ITS THAT SIMPLE.
it40 short selling my idea is it 40 short selling hammer selling candels and volumes low and low divergens make not new high and still markete will sell
