Europe Periphery

22 Aug 2013 ‚óŹ 04:15 AM

The DJ Eurostoxx index I posted last month to be forming a redrawn expanding triangle, I could see that on several charts of Europe. The Eurostoxx did not reach the upper line but many markets have down so completing wave E of the pattern and turning down. This is seen in CAC, Netherlands, Norway, and Belgium [shown below]. Completion followed by a 5 wave decline would confirm a trend reversal.


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