My Elliott Count for the Greece ETF is looking ready for an upcoming bull run. I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options. However, Here is a BEARISH scenario, where A=C and we are just starting the wave down.... This appears to be in sync with the...
This looks like the last leg up before a correction. Keep a close eye on it. The final "v" wave of an expanding diagonal usually "throws over" the diagonal line, so in that case we could see a quick jump to 28/29 zone before a decline, but it will most likely go down sharp and fast, so be careful.
I correct my previous count analysis of GREK-FTSE 20 Greece ETF, but i remain bullish
Bottoming out RSI. Messing with the Pitchfork and ABCDs. Trying new things. :)