The final phase has started on the intermediate cycle after the break-down below of the important 16900 support level.
In this moment Ftse Mib respects and is testing the ascending trend line of the T+3.
On a further break-down below ascending trend line, continued bearishness could move price towards first key potential support around 16000.
The final phase of T+3 is confirmed by price oscillator through the average velocity.
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