A triangle appears to be completing in the ATX. At this point, the presumed final "E" wave has breached the upper trendline (quite common and indicates that the thrust will be extended) is at a point where the minimum expected post-triangle downward thrust would be exactly 50% of the decline in the ATX from 2007-9.
This triangle is either a 4th wave or a B wave. The next wave down will be a 5-wave impulse wave 5 or C.
Consider the degree of correlation between the Austrian and other European indices (DAX, CAC).
This triangle is either a 4th wave or a B wave. The next wave down will be a 5-wave impulse wave 5 or C.
Consider the degree of correlation between the Austrian and other European indices (DAX, CAC).