Short
STMicroelectronics NV (STM - Italy) ABC flat wave pattern
STMicroelectronics NV (STM - Italy) is moving down in ABC flat pattern. In Daily it has completed some impulse sequence on the top shown in this chart. B wave was complex wxy correction, which was over. Price made 1st wave and 2nd wave correction is under progress. Wave 3rd down of C will now start anytime soon. Italy IT40 index is weaker in europe in last 2 days movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.