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Mib Ftse Future: a barrier of no small ...

We have reached a crucial months for cyclical perspective of the FTSE MIB and its derivative, the FIB.

Usually, in most cases, the seasonal cycles seen training to a minimum in mid-March, and a subsequent top medium to mid-May, and in fact the Italian stock prices are falling since mid-February, after reaching a top medium coinciding with a setup method or Top bottom on a weekly or daily basis.

In previous articles, we have not emphasized in the case, to explain the particular dynamics of this bearish period, the value Resistance level reached by prices, not only because it coincides with certain elements of the short and medium, but also long-term and, as noted, sometimes the structural elements of the long outweigh the short and medium.

In such situations, the analysis conducted with various methods require special acknowledgments, as long resistance may make misleading signals of technical analysis.

In particular, it seems advisable to filter the cracks, in this case bullish, with the overcoming of the resistance dynamics of long, at least weekly by a full bar, that is, in all its extension, from minimum to maximum.
But that excess has not yet occurred and, indeed, the resistance has intersected the top right of this week. Also in optical

week, however, the FEI has not yet reversed its bearish indication, the average mobile reference.
We are, however, in a delicate setup temporale, secondo il metodo Top or bottom, che potrebbe preludere ad un duplice scenario.

Sul time frame giornaliero abbiamo effettivamente assistito ad un tentativo d’inversione rialzista che, se convalidato dal superamento, come dianzi precisato, della resistenza di lungo da parte della barra settimanale, allora potrebbe dar via ad un’inversione di medio, destinata a proiettare positività prima verso il setup stagionale di metà maggio e poi, salvo modifiche, anche fino a giugno.

Diversamente, se l’ostacolo costituito dalla resistenza dinamica di lungo continuerà a fare sentire, come finora verificatosi, i suoi effetti, si confermerebbe la prosecuzione del trend ribassista, con primo target located in the area (FIB) 21500 / 21600 and then 20800 to the area, which also passes through a dynamic support, consisting of a wave wars.

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