EW Counts - Italy stocks

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6/27/2020

IT40 Index (FTSE MIB - Italy) - Updated EW count

IT40 Index (FTSE MIB - Italy) has completed B wave within ABC zigzag down cycle, which is zigzag with smaller c subwave, which resulted in sharp drop. It is within C wave down, where 3^rd subwave of C is in progress. Price must stay below 19548 level to validate the count. In weekly time frame, it is choppy after ABC correction ends at last low and new cycle WXY correcting now, where X wave down is under progress. IT40 is weaker index within European market as well as global indices. 

FTITSC (FTSE Italia Small Cap - Italy) - Updated EW count

FTITSC (FTSE Italia Small Cap) is within C wave down from last top and 3^rd wave down is in progress. The B wave was triangle, which resulted in sharp drop for C wave. In weekly time frame, it has completed downside WXY cycle, thereafter correcting within new wxy cycle upside, which remain choppy. It just started little under-performance than IT40 in last drop in 30 min time frame. 

FTITMC (FTSE Italia Mid Cap - Italy) - Updated EW count

FTITMC (FTSE Italia Mid Cap) is within C wave down from last top and 3^rd wave down is in progress. The B wave is zigzag abc, where c wave is within running correction, which resulted in sharp drop for C wave. In weekly time frame, it has completed downside ABC cycle downside, thereafter correcting within new wxy cycle upside, which remain choppy. 

DiaSorin SpA ( DIAS - Italy) - Updated EW count 

DiaSorin SpA ( DIAS - Italy) has completed impulse cycle within 2 hr time frame. In 30 min time frame, it is now correcting the impulse cycle in WXY correction, where wave W was zigzag abc and X wave was complex wxy correction. Y wave down has just started dropping down in ABC correction, where wave 3^rd will start from Monday. It must hold the invalidation level to retain the count valid. In weekly time frame it is in 5^th wave, which might over or may extend further. If price falls below 96.80, then it is clear that 5^th wave is over, within weekly time frame.   

Ferrari NV (RACE - Italy) - ABC wave pattern

Ferrari NV (RACE - Italy) is within ABC wave pattern in 30 min time frame. It is within 3^rd wave down, after completing 1^st and 2^nd wave of C wave. The A wave was diagonal down after B wave dip correction. In weekly time frame, it has completed impulse wave up and now correcting down in WXY correction, where Y wave is under progress until price remains below 157.85 level. 

Exor NV (EXOR - Italy) - Updated EW count
Exor NV (EXOR - Italy) has completed 2^nd wave of (C) down in (A)(B)(C) wave zigzag down move in 4 hr time frame. In 30 min time frame, it is within 3^rd subwave of 3^rd wave down, which must remain below 50.54 level to validate the count. In 4 hr time frame, it dropped in impulse (A) wave and corrected in (B) wave as ABC zigzag move up. In weekly time frame, it has completed 5 wave up and now correcting down in ABC down sequence. 

Recordati (RECI - Italy) - Updated EW count

Recordati (RECI - Italy) is within ending diagonal structure in 4 hr time frame and about to end soon, when finished c of 5^th wave up. It is very hard to say that c of 5^th wave is due for completion. Below 4^th wave low 39 level, it will be in major reversal mode. So wait for confirmation to the pattern. In weekly time frame, It is in 5^th of C wave up. Will see how it unfolds next. 

Banca Generali (BGN - Italy) - Updated EW count

Banca Generali (BGN - Italy) is within (C) wave major down in 4 hr time frame, but wait for confirmation. It has completed (B) wave as WXY pattern as double zigzag correction, which was over at last minor swing high. It starts dropping down, but impulse not confirmed. In weekly time frame, It is within correction ABC for Y down and moving in choppy range since last five years.

Azimut Holding SpA (AZMT - Italy) - ABC wave pattern

Azimut Holding SpA (AZMT - Italy) is within ABC zigzag wave pattern in 30 min time frame from last swing high. The A wave was impulse drop followed by B wave as triangle, resulting in sharp decline for C wave. It is in 3^rd subwave of C down until price retains below 15.44 level. The equal sized target for C wave will be 12.65 level. In weekly time frame its quite choppy and within corrective cycle, which no need to even count. 

FinecoBank SpA, Banca Fineco (FBK - Italy) - Updated EW count

FinecoBank SpA (FBK - Italy) has completed 3^rd wave (or C) up and now correcting down in 4^th wave, which is complex WXY correction. In weekly time frame, it is in C wave up as primary count, but alternate count suggest the Y of WXY correction of (B) wave down. Next price movement is crucial for next big move either up or down. Keep eye on price chart to bet on the side. 

Poste Italiane SpA (PST - Italy) - Impulse wave down

Poste Italiane SpA (PST - Italy) is within 3^rd wave down of C wave as in ABC zigzag move down in 4 hr time frame. In 30 min time frame, it is in 2^nd subwave of 3^rd wave down, but wait for confirmation to over it and keep eye on invalidation level of 8.66, because if price crosses above this then impulse count invalidates. In weekly time frame, It completed ABC wave and now correcting down in abc move. C wave was ending diagonal in weekly. 

Unicredit SpA (CRDI - Italy) - ABC wave pattern

Unicredit SpA (CRDI - Italy) is ABC zigzag down, where it is in 3^rd wave of C down. It must remain below 8.18 level to stay count alive. In weekly time frame, it was in ending diagonal structure, which might be over, or get extended. 

Digital Bros (DIB - Italy) - Updated EW count 

Digital Bros (DIB - Italy) is within corrective structure in 15 min time frame after completing impulse wave over in 2 hr time frame as truncated 5^th wave. In weekly time frame it in 5^th wave impulse wave up having almost no divergence in indicator, which suggest for further extension. Will see how it unfolds next.

Brunello Cucinelli (BCU - Italy) - Updated EW count

Brunello Cucinelli (BCU - Italy) is within ABC zigzag down cycle of (Y) wave down in 4 hr time frame. It is about to complete 1^st subwave down of C wave, thereafter 2^nd subwave will rise up, which will given an opportunity to get in. In weekly time frame, it is within WXY correction after ABC ended at all time high. 

ERG (ERG - Italy) - ABC wave pattern

ERG (ERG - Italy) is within 3^rd subwave of 3^rd wave. Here different counts are possible, so until price broke the level of 17.65 downside, it considered in uptrend. In weekly it may be within 5^th wave up or corrective. The price movement will reveal what count will be unfolding. Keep eye on invalidation level, which decides the big move up or down. 

De Longhi SpA (DLG - Italy) - Impulse wave pattern

De Longhi SpA (DLG - Italy) is within 4^th subwave of 3^rd (or C wave) up, which is in its Y wave down. Thereafter it will rise for 5^th subwave o 3^rd (or C) wave. In weekly time frame, it is in C wave up.

For Historical analyses of Italy index and stocks click here. 

EW Counts - Italy stocks

6/9/2020

IT40 Index (FTSE MIB - Italy) - Updated EW count

IT40 Index (FTSE MIB - Italy) is in 4^th wave of C wave up, which is the part of Y wave or alternatively C wave itself, but in both the cases it is the final move to end the C wave. Thereafter 5^th wave will start moving up to achieve the target. In weekly time frame, it was in corrective ABC up and down wave. The last drop was C wave down, which completed the down correction. 

FTITSC (FTSE Italia Small Cap - Italy) - Updated EW count

FTITSC (FTSE Italia Small Cap)is in 4^th wave correction of C wave up of ABC zigzag wave pattern. It has Thereafter 5^th will start moving up to complete the sequence if is not gonna extend. It is even out-performing and clear count than IT40 Index (wxy count) having more volume support. 

FTITMC (FTSE Italia Mid Cap - Italy) - Updated EW count

FTITMC (FTSE Italia Mid Cap) is in 4^th wave correction of C wave up of ABC zigzag wave pattern. It has Thereafter 5^th will start moving up to complete the sequence if is not gonna extend. 

DiaSorin SpA ( DIAS - Italy) - Updated EW count 

DiaSorin SpA ( DIAS - Italy) has completed 4^th wave in sharp zigzag as ABC as mentioned in previous updates. Now it started moving up in 5^th wave. So it is very easy entry with small stops below low of 4^th wave. In weekly it is in 5^th wave with tremendous volume. It may extend weekly cycle. 

Exor NV (EXOR - Italy) - Updated EW count

Exor NV (EXOR - Italy) is moving in B wave of ABC zigzag correction of Y wave. B wave correction will take one more leg down to complete before start moving up for C. WXY sequence is the part of (B) wave correction, which once over then price will fall for (C) down in daily time frame. 

Recordati (RECI - Italy) - Updated EW count

Recordati (RECI - Italy) has completed 4^th wave correction of impulse sequence as WXYXZ complex correction. Now it start moving up in 5^th wave. It is not a high odds trade setup, but small stops make it good in risk/reward ratio. Keep watching invalidation level if you get in.   

Banca Generali (BGN - Italy) - Updated EW count

Banca Generali (BGN - Italy) has completed WXY corrective pattern for B wave up after impulse fall. Next move will be big C wave down. It is opposite to market direction so wait for clear confirmation as impulse wave down. It has triangle in internal b wave of Y wave up in B wave, which possibly reverse sharply. 

Atlantia SpA (ATL - Italy) - Updated EW count

Atlantia SpA (ATL - Italy) is in B wave correction, which is about to end and thereafter C wave up will start soon as the part of Y wave correction.   

FinecoBank SpA, Banca Fineco (FBK - Italy) - Updated EW count

FinecoBank SpA (FBK - Italy) is in 3^rd subwave of 3^rd of C ABC wave pattern. Wave A was leading diagonal structure & wave B was flat correction. It is possible to extend the move, will see how it unfolds.   

Digital Bros (DIB - Italy) - Updated EW count 

Digital Bros (DIB - Italy) has completed its 4^th wave correction of impulse and now it is moving in 5^th wave up as expected in last updates, which easily goes beyond previous high. 

Industria Macchine Automatiche (IMAI - Italy) - Updated EW count

Industria Macchine Automatiche (IMAI - Italy) is in 4^th internal wave of 1^st wave of C up. Wait for 2^nd wave to go down to get in trade for 3^rd wave up.  

Brunello Cucinelli (BCU - Italy) - Updated EW count

Brunello Cucinelli (BCU - Italy) has completed its X wave up in ABC zigzag correction. But wait for confirmation of impulse down. Let’s see how chart unfolds.   

ERG (ERG - Italy) - ABC wave pattern

ERG (ERG - Italy) is in 2^nd wave correction of C wave up, which is about to end. Thereafter it will start 3^rd wave up of C (or 3^rd major wave). 

De Longhi SpA (DLG - Italy) - Impulse wave pattern

De Longhi SpA (DLG - Italy) is in internal 3^rd of subwave 3^rd of C wave up in ABC zigzag move up. It is about to end 3^rd internal wave. After minor correction as internal wave 4, again it start moving up for new high to complete subwave 3 of C up.

5/31/2020

IT40 Index (FTSE MIB - Italy) - WXY wave pattern

IT40 Index (FTSE MIB - Italy) is in WXY wave corrective up in 60 min time frame. Wave c of internal w of Y major wave has completed and now price may go down for x wave correction as wxy sequence of Y wave. In weekly time frame, it was in corrective ABC up and down wave as shown in chart. The last drop was C wave down, which complete the down correction. (Refer chart update - 5/25/2020)

FTITSC (FTSE Italia Small Cap - Italy) - ABC wave pattern

FTITSC (FTSE Italia Small Cap) is in ABC zigzag wave pattern in 60 min time frame & it has completed wave 1 of C up and moving down in wave 2 correction, which might little deeper as volume capitulated in top of 1^st wave. It is even out-performing and clear count than IT40 Index (wxy count). (Refer chart update - 5/25/2020) 

FTITMC (FTSE Italia Mid Cap - Italy) - ABC wave pattern

FTITMC (FTSE Italia Mid Cap) is in ABC zigzag wave pattern in 60 min time frame from major bottom. It has completed wave 1 of C and moving down in 2 for correction. (Refer chart update - 5/25/2020)

DiaSorin SpA ( DIAS - Italy) - Impulse sequence

DiaSorin SpA ( DIAS - Italy) is in B wave corrective, which will end soon as wave A down was five wave sequence. Next wave will be C wave down to completed wave 4 correction. As mentioned previously that wave 2 was flat so wave 4 will be deeper correction, which is unfolding. As one alternate count which shown in ash colored count, the impulse sequence has completed on top. But this is again a secondary count. (Refer chart update - 5/25/2020) 

Digital Bros (DIB - Italy) - Impulse 5^th wave

Digital Bros (DIB - Italy) is in 5^th of 3^rd wave major up, which will about to end as awesome oscillator starts showing divergence. If anybody followed the previous update than he could make this move up in his favor. Again next correction will be possibly deep down or triangle or combination. In weekly time frame its the 5^th wave up, which is in 60 min under progress. It is also near all time high, which made in 2001. (Refer chart update - 5/25/2020) 

Recordati (RECI - Italy) - 5^th wave up

Recordati (RECI - Italy) is in 4^th wave correction of impulse sequence as WXY wave down. It is moving down in Y wave as ABC further going down in C wave final, which is about to reverse for next up move. If invalidation level crossed down then possibility of impulse wiped out. Watch it closely, how chart unfolds. (Refer chart update - 5/25/2020)) 

Industria Macchine Automatiche (IMAI - Italy) - ABC wave pattern

Industria Macchine Automatiche (IMAI - Italy) is in ABC wave pattern in 60 min time frame and B wave in further abc wave has ended. Wave C is started but not picked up pace upside, which makes it odds lower to up. Now just watch it for next move and wait till some confirmation it the form of impulse in smaller time frame. (Refer chart update - 5/25/2020) 

Moncler SpA (MONC - Italy) - Impulse up

Moncler SpA (MONC - Italy) is in 3^rd wave extension of 3^rd wave up in 60 min time frame which supported with high volume . It is in 3^rd wave up of 5^th wave in daily time frame. (Refer chart update 5/25/2020)

FinecoBank SpA, Banca Fineco (FBK - Italy) - ABC wave pattern

FinecoBank SpA (FBK - Italy) is in ABC wave pattern in 60 min time frame. Wave A was leading diagonal structure & wave B is complex correction, which is in progress. After that C (or 3^rd wave) wave up will start. (Refer chart update - 5/25/2020)

Nexi SpA (NEXII - Italy) - ABC wave pattern

Nexi SpA (NEXII - Italy) is in ABC wave pattern in 60 min time frame. It is in internal 3^rd of 3^rd wave of C wave up (or 3^rd wave of Impulse). Invalidation level should be watched closely until it crosses internal wave 1 high. (Refer chart update - 5/25/2020)   

Atlantia SpA (ATL - Italy) - WXY wave pattern

Atlantia SpA (ATL - Italy) is in WXY wave pattern in 60 min and moving up in ABC internal wave as Y wave. It has competed 1^st wave and moving down in 2^nd wave which is about to end soon. (Refer chart update - 5/25/2020) 

Brunello Cucinelli (BCU - Italy) - ABC wave pattern

Brunello Cucinelli (BCU - Italy) is in ABC correcting down cycle in 60 min and moving down in 2^nd wave correction of wave C up after triangle broken upside as wave B with relative higher volume. This ABC is the part of X wave in daily time frame, which indicates major trend down. (Refer chart update - 5/25/2020)

Infrastrutture Wireless Italiane SpA (INWT - Italy) - ABC wave pattern

Infrastrutture Wireless Italiane SpA (INWT - Italy) is in B wave correction upside as ABC wave pattern down in 60 min time frame, which may be touching its high as flat correction, as stock is too strong in market. C wave only traded when confirmed by 5 wave decline in 15 min time frame with tight stops, because it may have probability of 5^th wave extension in daily time frame. (Refer chart update - 5/25/2020)

Exor NV (EXOR - Italy) - WXY wave pattern

Exor NV (EXOR - Italy) is moving in 4^th wave correction of A wave up. ABC wave isthe part of Y wave up in WXY wave pattern in 60 min time. WXY is the part of B wave correction, which once over then price will fall for C down in daily time frame. (Refer chart update - 5/25/2020) 

Banca Generali (BGN - Italy) - ABC wave pattern

Banca Generali (BGN - Italy) is in 4^th wave correction of C wave up, which is about to over soon. ABC up is part of Y wave, which completes B wave upside as shown in chart. So next big move is C wave down. The triangle will be fueling for fast reversal for C wave down. (Refer chart update - 5/25/2020)

5/25/2020

IT40 Index (FTSE MIB - Italy) - WXY wave pattern

IT40 Index (FTSE MIB - Italy) is in WXY wave corrective up in 60 min time frame. As shown in chart wave W & X divided in ABC wave pattern, so Y will be complex wxy wave. The volume is increasing in Y wave up, which can easily drive it upward. In weekly time frame, it was in corrective ABC up and down wave as shown in chart. The last drop was C wave down, which complete the down correction. 

FTITSC (FTSE Italia Small Cap - Italy) - ABC wave pattern

FTITSC (FTSE Italia Small Cap) is in ABC zigzag wave pattern in 60 min time frame from major bottom as shown in chart. It is even out-performing and clear count than IT40 Index (wxy count). In weekly time frame, this index has given the confirmation of week trend, when IT40 index made a new high in early 2020 (above 2017 swing high), while small cap never did that (it was below 2017 swing high). But currently it start out-performing IT40 in 60 min time frame.

FTITMC (FTSE Italia Mid Cap - Italy) - ABC wave pattern

FTITMC (FTSE Italia Mid Cap) is in ABC zigzag wave pattern in 60 min time frame from major bottom. It is similar to small cap index and out-performing IT40. In weekly time frame, this index was under-performer than IT40 index and out-performer than small cap index in early 2020 top. Small and Mid cap indices suggesting up move in IT40 index as both are out-performing and having clear count.

DiaSorin SpA ( DIAS - Italy) - Impulse sequence - 3^rd wave of 5^th wave

DiaSorin SpA ( DIAS - Italy) is in 5^th wave in weekly time frame (may be 3^rd wave extension possible too). In 60 min time frame, as shown in chart it is currently in internal 5^th wave of 3^rd wave up, which is in extension right now. The high relative volume fueling the trend so hard. In wave 4 possible sharp decline expected as wave 2 was choppy.

Digital Bros (DIB - Italy) - Impulse 5^th wave

Digital Bros (DIB - Italy) is in 3^rd internal wave of 5^th wave up. Currently price is in internal 3^rd of 3^rd wave up and huge relative volume confirm the move, one more high with indicator divergence will completes wave 3 of 5^th wave up as shown in in chart. In weekly time frame its the 5^th wave up, which is in 60 min under progress. It is also near all time high, which made in 2001.

Recordati (RECI - Italy) - 5^th wave up

Recordati (RECI - Italy) is in 4^th wave correction of impulse sequence, which is 5^th wave in weekly time frame. It is currently in c wave down of 4^th wave. One more possibility also there, as ending diagonal 5^th wave if price penetrates wave 1 within invalidation level. Watch it closely, how chart unfolds.

Industria Macchine Automatiche (IMAI - Italy) - ABC wave pattern

Industria Macchine Automatiche (IMAI - Italy) is in ABC wave pattern in 60 min time frame (or impulse wave 5^th of C as shown in weekly). wave B is sharp and may be about to end soon. Wait for impulse up wave to confirm the C wave up move has started. C wave might be a 3^rd wave of 5^th major wave of C wave in weekly time frame, which will be known as chart progresses. A wave in 60 min time frame was leading diagonal, means C wave will be very sharp movement upside expected.

Moncler SpA (MONC - Italy) - Impulse up

Moncler SpA (MONC - Italy) is in 3^rd wave up of impulse sequence as its the part of 5^th wave in daily time frame. It holds the invalidation line, to confirm the move up. In daily time frame it took sufficient time to complete 4^th wave correction for next up move to wave 5 for new high.

FinecoBank SpA, Banca Fineco (FBK - Italy) - ABC wave pattern

FinecoBank SpA (FBK - Italy) is in ABC wave pattern in 60 min time frame. Wave A was leading diagonal structure & wave B is complex correction, which is in progress. After that C wave up will start. In daiy time frame, this sequence is either the part of bigger WXY correction or may be the C bigger wave up as impulse, which will be known as time progresses.

Nexi SpA (NEXII - Italy) - ABC wave pattern

Nexi SpA (NEXII - Italy) is in ABC wave pattern in 60 min time frame. Currently price is in internal 3^rd wave of C wave up (or 3^rd wave of Impulse), which easily can make a new high. In daily time frame it will be in either Y wave or C impulse wave up.   

Atlantia SpA (ATL - Italy) - WXY wave pattern

Atlantia SpA (ATL - Italy) is in WXY wave pattern in 60 min. Wave W is abc zigzag and X wave is under progress, which looks zigzag, but wait to complete as the confirmation of wave Y up starts. It has completed WXY bigger correction in weekly time frame after ABC over. So this WXY in 60 min will possibly the part of bigger upside correction.

Brunello Cucinelli (BCU - Italy) - WXY wave pattern

Brunello Cucinelli (BCU - Italy) is in WXY correcting down cycle in 60 min. X wave was completed in triangle, which confirms only when it broke the triangle downside and then Y will down will start as the part of bigger WXY cycle in weekly time frame as complex correction down.  

Infrastrutture Wireless Italiane SpA (INWT - Italy) - ABC wave pattern

Infrastrutture Wireless Italiane SpA (INWT - Italy) is in ABC wave pattern in 60 min time frame after 5 wave impulse over in Daily time frame (5^th may extend, will know as chart progresses). It is going up in B wave, which may be touching its high as flat correction, as stock is too strong in market. C wave only traded when confirmed by 5 wave decline in 15 min time frame with tight stops, because it may have probability of 5^th wave extension in daily time frame.

Exor NV (EXOR - Italy) - WXY wave pattern

Exor NV (EXOR - Italy) is in WXY wave pattern in 60 min time frame as the part of B wave up in complex correction. Currently it is in Y wave up of B wave, which possibly unfold in abc wave. When B wave completes, it will go down for C major wave. In weekly time frame, it completed five wave impulse sequence and now the correction is under progress as ABC as shown in chart.

Banca Generali (BGN - Italy) - ABC wave pattern

Banca Generali (BGN - Italy) is in ABC sequence down after Impulse cycle over in weekly time frame. This is the part of bigger WXY cycle. Currently price is in B wave up as wxy complex wave, where y wave is in progress as abc and b was triangle. Wave C should be fast as the result of triangle, which will complete B wave of major Y wave down. 

5/23/2020

DiaSorin spA ( DIAS - Italy) - Updated EW count

DiaSorin spA ( DIAS - Italy) is 5^th internal wave of 3^rd wave with relative high volume, which confirm the strength of trend up with further extension unfolding on the go. It is at all time high and out-performing the market.

5/14/2020

STMicroelectronics NV (STM - Italy) - Updated EW count

STMicroelectronics NV (STM - Italy) is in 3^rd wave down of C, which is confirmed by broken down the supportive trend line.

DiaSorin spA ( DIAS - Italy) - Updated EW count

DiaSorin spA ( DIAS - Italy) is in 5^th wave of 3^rd wave up as drawn in previous updates. Now 5^th wave of 3^rd wave up is about to end with minor one more high. 

5/11/2020

STMicroelectronics NV (STM - Italy) - ABC flat wave pattern

STMicroelectronics NV (STM - Italy) is in C wave down. It started 3^rd wave down of C, which will confirmed once the trend line broken drawn through last two higher lows. 

DiaSorin spA ( DIAS - Italy) - Impulse up - all time high
DiaSorin spA ( DIAS - Italy) is in 5^th internal wave up of 3^rd wave.