strong
no Gas no Party!
mib index, una lettura euro style:
Price and moving averages:
INDEXFTSE:FTSEMIB() has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.
Bollinger Bands:
INDEXFTSE:FTSEMIB() has closed above bottom band by 27.6%.
Bollinger Bands are 86.2% wider than normal.
The large width of the bands suggest high volatility as compared to INDEXFTSE:FTSEMIB()'s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 4 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Price and moving averages:
INDEXFTSE:FTSEMIB() has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.
Bollinger Bands:
INDEXFTSE:FTSEMIB() has closed above bottom band by 27.6%.
Bollinger Bands are 86.2% wider than normal.
The large width of the bands suggest high volatility as compared to INDEXFTSE:FTSEMIB()'s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 4 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
This commentary is not a recommendation to buy or sell. Use at your own risk.