Nathanael
Long

Greece - Should I stay or should I go now?

NYSE:NBG   NATIONAL BK GREECE S A
Every time I have tried to find an NBG             bottom, I have been wrong (just look at any of my previous NBG             charts)

But I just wanted to share this chart, to show people the insane amount of BUYING volume here. If you zoom out on the daily chart , and look at volume or accumulation - the amount of buying since March has grown like crazy.

Are these crazy retail gamblers betting on a bottom? Smart Institutions buying up while the media barfs out scary words like DEFAULT and GREXIT? Who knows, only time will tell.

I personally see a wedge (ending diagonal?) with the volume spikes at the ABCDE points (where they reverse) Also wedges tend to have descending volume , You will notice the "e" dips out of the wedge, this is common for an "e". The target is merely a triangle target.
Nathanael
a year ago
Still on track, but the wave E has over extended more then i thought it would. It looks like the current wave has turned into an ending diagonal within the bigger triangle. Here is how I see it now.
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Nathanael Nathanael
a year ago
Here is a close up of the possible ending diagonal. It looks like we are about to break out, but im not excited till we break it hard - with mega volume
snapshot
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Nathanael Nathanael
a year ago
This also adjusts my triangle target a little lower, to ~ 2.10
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