NBG and the reoccuring Fibonacci waves.

A little while back ago, I noticed this reoccurring "flag" pattern.

So I decided to take a step further, and see if these patterns had any relationship with the golden rule.
I applied Fibonacci time zones and noticed an amazing pattern. One time zone remained flat in price, while the next one had a very significant price increase right in the middle of the fib time zone.

If this pattern were to continue, then expect a significant pop in the first week the market opens in March.

I have tried to find a pattern in price increases to try to accurately predict the next target, and have not *yet* had success in (what I think) finding a reliable and consistent mathematical pattern, however, I did find this.

The 1st increase was approx: 11%
The 2st increase was approx: 30%
The 3st increase was approx: 50%

It seems about +20 gets added to the percentage increase, so by using that rule, the next price increase should be around 70% (from where it rests in its "flat" stage). A 70-85% increase would get us close to the trend line I drew on the previous tops as well.

While I have never used Fibonacci time, or even noticed a pattern such like this before, I have no idea what to expect.

One thing for sure, I am keeping a very close eye on this stock during the end of February/early March.

Do my charts help you out? Encourage me to keep them coming :) ( BTC ) 1LcA9fbYyuYQBtWhRyxFfXkJNMDYmNMMVj


Getting close to that predicted event. Lets see if anything happens in the next week or two...
also, if you like nbg you should really check out greek bank ALBKY.
I noticed the same pattern. What I did was draw a trendline to follow each price movement within the 3 flags. I noticed with the first two flags the price action had a 1,2,3,4,5 and on 6 the price would accelerate into another Darvis box. Not sure if its an Elliot Wave but it was a consistent pattern. I will try to forward my chart
Nathanael zobtraffic
would love to see a link to the chart!
Nice find
Here is a zoomed in image of the pattern.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out