LucaDallago

LucaDallago

The yellow metal is currently set up well. Break of the trendline with divergence of RSI and CO. First probable target near the PVP of the Volume Profile. Next possible extension and return to the highs area over 1540 $/ounce. The Supertrend break will confirm the start of this new uptrend.

LucaDallago

The FTSE MIB has consolidated the double WXY correction of Minor grade that we were following. The longer-term scenario has affirmed the conclusion of the bearish movement started in May 2018 and the structure that seems to be forming is that of a triangle ABCDE. Therefore the main scenario is that of a triple correction of WXYXZ Minor grade, agreeding with the...

LucaDallago

The scenario dictated by Elliott Wave Theory remains bullish. In particular, as in the last update, the American index is in Intermediate wave 3, but with the difference that the sub-wave 3 seems to have ended. The latter has an extension greater than that of Minor 1, this will allow wave 5 to be longer than 3. The main scenario implements the wave formation of...

LucaDallago Updated 

Good opportunity for a long position in the silver futures market. Wave 4 seems to be finished and Minor wave 5 has began. Target at $16.15.

LucaDallago

Compared to the last update, the first scenario seems to have been confirmed, which represented Minor X wave as an expanding triangle. The first Intermediate 4 wave target we had set was reached (0.5 Intermediate 3 retracement and Minor W 0.786 extension). Minor Y wave is still in construction and seems to be forming like a zig zag. Wave B Minute seems to have...

LucaDallago

Since the last update, Minor wave 2 has completed, reaching the Fibonacci 0.50 retracement of Minor wave 1 . I had written that the bullish signal would have been at the breakout of the top of Minuette wave 1, which happened, so we just have to follow the operation with a trailing stop, while the target is the 1.618 extension of Minor wave 1 .

LucaDallago

The FTSE MIB index remains within Intermediate wave 4 .Minor wave X seems to have definitely ended up as a triangle, even if the Minor wave X scenario as a double three (as proposed in last week's analysis) still remains open. In the first case (Minor X is triangle), at present, the index is in the Minute wave A of Minor Y and specifically, in its third wave of...

LucaDallago

The long-term scenario remains bullish for the American S&P 500 index, which is within Primary Wave 5. Currently, after completing Intermediate Wave 1 (leading diagonal (5-3-5-3-5)) and Intermediate Wave 2 (flat (ABC / 3-3-5)), it seems to be forming the Intermediate Wave 3, within which the Minor Wave 1 has already been completed. Wave 2 Minor is now in place,...

LucaDallago

The FTSEMIB remains in its phase of correction of the long-term bearish trend. In particular, Wave 4 Intermediate would seem to be forming as a double three (double correction) WXY of Minor degree. The latter after finishing the W as flat expanded, has given way to the X, which at the moment seems to have completed as a double three (WXY) Minute grade. The latter...

LucaDallago

Upside opportunity towards 15 euros for Deutsche Bank. On the weekly we have a positive divergence both on the RSI (also on the monthly) and on the Chaikin Oscillator. Possible retracement in area 10 euros. Volume Profile confirms the resistance levels.