In my last published chart some 2 months ago following the spike low around 151, I made provisional adjusted to the wave counts to reflect the price action still suggesting that the bearish cycle is still in action and has further to go. The reason for this was that bounce from 150 - 300 in not in clear 5 waves, rather it is in 3 swing zigzag. Hence, in making...
Since the economy recovery from the 2008 crisis, stock index worldwide are skyrocketing, thanks to quantative easing programs and Zero-Bound Interest Rates. After ending QE, the next big action of FED will be to increase the interest rates, that could cause an end to bull stock market that prevails since August, 2012. Last week most of trade ideas published on...
NBG Long term Chart: I strongly believe we are currently in a corrective wave 2 of a long term wave C pattern that should complete near the fall, end of the year. What I previously thought was an expanding diagonal () now appears to be a double zig zag corrective wave 2. If A=C in the corrective zig zag, then we can retrace as far as 2.95, but using...
In perfect concordance with the final channel if we count this movement as a wave 5)) an impulse with its 5) extended we can assume that the actual decline phase could be the first wave reactive to the last rally started since 0.8129 and now we can expect be around this area for the next few weeks because the nature of this correction due the alternance guideline...