Technical Commentary: The FTSE MIB index replicates the industrial diversity of the Italian market.…….
Day By Day – Indipendent Research
In the shorter term, after a sharp bullish acceleration triggered by the breakout of the reversal pattern, prices are consolidating.
We set the invalidation threshold of this scenario slightly below the 14500 points major support. Its breach would invalidate the double bottom pattern.
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||15810 / 16281 pts|
|Supports||14500 / 13973 pts|
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Source: ETFWorld – Day By Day – Indipendent Research