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[andr99]

below you find the ftsemibtel, which is my domestic stock index. I drew this chart some time ago, before the latest drop started. I was very confident that the italian index would 

drop, which thing it did. Very often these drops in italy start from a correction in the USA, so that I could easily have thought that America too was starting to drop. But I didn't

see this correction in America coming as I didn't see the previous one. However what matters more now, is that if this chart remains effective, we are at the bottom or very close to it.

For America as well, obviously, given the inter-connection of western markets, which doesn't work always, but it often does.

 

https://postimg.cc/tYyRwdt9

Edited by andr99, 12 August 2024 - 06:46 AM.

[andr99]

here is the short bounce firstly and the drop secondly that came after the chart was drawn, as expected

 

(the file was created on the 26th of June, I keep on my desktop these charts) 

 

 

https://postimg.cc/bGznLdp3

 

 

if we are not at the bottom, we are close  

Edited by andr99, 12 August 2024 - 08:20 AM.