{"id":1450,"date":"2026-02-28T10:54:47","date_gmt":"2026-02-28T09:54:47","guid":{"rendered":"https:\/\/round-robin.eu\/blog\/?p=1450"},"modified":"2026-03-07T10:09:07","modified_gmt":"2026-03-07T09:09:07","slug":"ftse-mib-technical-analysis-weekly-chart-the-hunt-8","status":"publish","type":"post","link":"https:\/\/round-robin.eu\/blog\/ftse-mib-technical-analysis-weekly-chart-the-hunt-8\/","title":{"rendered":"The Hunt: FTSE MIB week 8"},"content":{"rendered":"\r\n

Weekly tracking of the Italian benchmark index.<\/span><\/em><\/p>\r\n\r\n\r\n\r\n

Why do we do this? Check out our strategy page<\/strong><\/a>.<\/span><\/em><\/p>\r\n\r\n\r\n

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My proprietary DBBT indicator identifies misalignments between current price and expected technical levels on major indices.<\/p>\r\n\r\n\r\n\r\n

Every week, we put the FTSE MIB in our crosshairs.<\/p>\r\n\r\n\r\n\r\n

The hunt is on.<\/strong><\/p>\r\n\r\n\r\n

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Another positive week for the Italian index, new long-term highs – but no price signal to confirm a breakout. A seemingly healthy uptrend: let’s see if it really is.<\/p>\r\n\r\n

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Bulls vs Bears<\/h2>\r\n

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infographic: FTSE MIB weekly – Bulls vs Bears<\/p><\/div>\r\n

The Italian index closes another positive week at +1.59% – enough to mark a new long-term high and a new long-term high weekly close, but not enough to call it a bullish breakout with a price signal. Another week totally bullish.

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The Big Picture<\/h2>\r\n

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chart: FTSE MIB weekly<\/p><\/div>\r\n

The weekly chart shows us that the close sits slightly above the upper shadow zone from 2 and 3 weeks ago, and it also shows bull overextension relative to the MA5W, but a meaningful break must come with a price signal\u00a0 – which we don’t see here.<\/p>\r\n\r\n\r\n\r\n

All moving averages are still rising and aligned from fastest to slowest.<\/p>\r\n\r\n\r\n\r\n

In this phase it looks like a seemingly healthy uptrend.<\/p>\r\n\r\n\r\n\r\n

Let’s dig deeper to see if that’s really the case.<\/p>\r\n\r\n\r\n

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Volatility Indicator<\/h2>\r\n

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chart: FTSE MIB – proprietary Volatility Indicator<\/p><\/div>\r\n

Nothing new here: volatility remains compressed.<\/p>\r\n\r\n\r\n\r\n

This week at 6.16% we see an uptick, but it needs immediate confirmation to understand whether a trend – bull or bear on the index – is about to begin.<\/p>\r\n\r\n\r\n\r\n

If next week it reaches and surpasses its MA50W (red line) at approximately 7.8%, there’s a good chance we’ll know which side to open a trade on.<\/p>\r\n\r\n\r\n

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RSI<\/h2>\r\n

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charts: FTSE MIB – RSI weekly<\/p><\/div>\r\n

RSI has reached the warning levels we flagged in previous episodes.<\/p>\r\n\r\n\r\n\r\n

For almost a year, weekly RSI has failed to reach overbought territory\u00a0 – and when it did, a sharp correction followed.<\/p>\r\n\r\n\r\n\r\n

The expectation is that what we’ve seen over the past 12 months repeats itself.<\/p>\r\n\r\n\r\n\r\n

RSI should reject from here and the index should at least consolidate.<\/p>\r\n\r\n\r\n\r\n

This level doesn’t tell us whether a decline is likely\u00a0 – it tells us how unlikely a further rally is.<\/p>\r\n\r\n\r\n\r\n

If instead the rally were to continue, we’d have RSI in overbought and – almost certainly – a strong price signal confirming the breakout above previous highs.<\/p>\r\n\r\n\r\n

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Daily<\/strong><\/p>\r\n

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chart: FTSE MIB daily – Rising Wedge<\/p><\/div>\r\n

One thing you should never do is try to identify a trend on a higher timeframe using a lower one.<\/p>\r\n\r\n\r\n\r\n

In this case we’re not trying to make the FTSE MIB daily dictate the fate of the FTSE MIB weekly – we’re using it purely as a support tool, in case indications emerge that align with the weekly.<\/p>\r\n\r\n\r\n\r\n

The daily is clearly contained within a rising wedge which, as we saw in Pattern Spotted<\/strong><\/a>, is a pattern with a very low reliability rate.<\/p>\r\n\r\n\r\n\r\n

We have the fourth common gap since the start of 2026.<\/p>\r\n\r\n\r\n\r\n

The previous three were closed immediately within the same week.<\/p>\r\n\r\n\r\n\r\n

This latest one has survived and will at least make it through the weekend open.<\/p>\r\n\r\n\r\n

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What to expect?<\/strong><\/p>\r\n\r\n\r\n\r\n

The elements to consider are:<\/p>\r\n\r\n\r\n\r\n