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DJ Euro stoxx 50

13 May 2015 ‚óŹ 04:13 AM

The DJ Euro stoxx 50 index of European stocks recently completed 3 waves down in a deep correction from the long term upper channel. Taking support on the 20 week average the index can be counted as shown below. Wave 5 o C up might be one last move up pending and a retest of the upper channel once more might be on the cards in the months ahead before we can mark it as complete.

eurostoxx130515

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