IT40 Index (FTSE MIB - Italy) is in WXY wave corrective up in 60 min time frame. As shown in chart wave W & X divided in ABC wave pattern, so Y will be complex wxy wave. The volume is increasing in Y wave up, which can easily drive it upward. In weekly time frame, it was in corrective ABC up and down wave as shown in chart. The last drop was C wave down, which complete the down correction.