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.
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.
Nathanael
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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
Nathanael
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This also adjusts my triangle target a little lower, to ~ 2.10