Nathanael
Long

NBG and the reoccuring Fibonacci waves.

NYSE:NBG   NATIONAL BK GREECE S A
812 8 1
A little while back ago, I noticed this reoccurring "flag" pattern.
Interesting observation.


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
*RECURRING. ENGLISH A LOT BAD.
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Here is a zoomed in image of the pattern.
snapshot
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Nice find
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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
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Nathanael zobtraffic
would love to see a link to the chart!
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also, if you like nbg you should really check out greek bank ALBKY.
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Getting close to that predicted event. Lets see if anything happens in the next week or two...
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