Nathanael
Long

Greece ready to continue back up

AMEX:GREK   GLOBAL X MSCI GREECE ETF
My Elliott Count for the Greece ETF is looking ready for an upcoming bull run.

I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options.

However, Here is a BEARISH scenario,
where A=C and we are just starting the wave down....
snapshot

This appears to be in sync with the National Bank of Greece ( NBG             ) in which I have been closely following, here is a chart of that:
NBG Almost finished Double Zig Zag Wave 2


Would love to hear from other Elliott wave chartists,
Nathanael
2 years ago
Bearish Count
snapshot
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