Nathanael

NBG Long Term Elliot Wave Count (Need Help)

NYSE:NBG   NATIONAL BK GREECE S A
963 11 4
Elliot wave professionals out there, I really need help with this one!

Here is the National Bank of Greece on a long term Log Scale.

We are still stuck in a downward channel , but I can't for the life of me figure out the Elliot count for this one, particularly near the end.

Anyone out there have any suggestions?

Looks like an inverted diagonal/wedge pattern.
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i brought this pair and look too profit at the 30.00 level,we need a close above the 6 and 7 too go higher,support level sitting down in the 4 dollar level,your still good,i trade on forex so this nothing or define your risk and dont be afraid
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I asked another EW professional Ed Matts for his wave count, and he responded!
https://twitter.com/EdMatts/status/420477193232191488/photo/1
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RyNinDaCleM Nathanael
I had one similar to this, then I thought about how much further it can go down (not much), so I felt it needed an A/B in it and complete the count with C.
His count implies that there will be a B wave up and a C wave down still. Since there isn't a lot of room to go down, it might turn into a long term flat, in which case it could be a while before we see the end of this correction.
Either way, my count would work in the flat scenario too! Time will tell
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Unless you expect it to continue going down, You need to have an ABC counted out in this decline. You can use MACD, RSI or Awesome Oscillator to help with your counts. Look for divergences between wave-3/5 for hints while counting. These divergences are easier to identify in a slightly lower time frame like Daily or 360 minute. For such a long term chart as this, you would be better off using Daily indicators.
snapshot
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Nathanael RyNinDaCleM
You are amazing!!!!!!!
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Nathanael RyNinDaCleM
Again, thank you. You have no idea how happy this makes me. Had to message you again. TradingView has no PM
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myselfbtc RyNinDaCleM
nice one :)
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I also like the idea of a corrective C play coming in a month with a completion of the first 5
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Ok, this is the best I could come up with for now:
snapshot
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