Italy - Double Trouble

The trouble in Europe has its centre in places like Italy. Months ago I showed this chart of Italy, the point being that wave C down has started in a 5 wave decline. The last few months the Italian stock market was bouncing back in wave 2 of C and that appears mostly complete. As the pace of the decline picks up in wave 3 of C expect the effect to show up in most European markets. This is a major wave like the one in Greece in 2011-2012.