What I thought was previously a flat, is looking more like a impulsive 5 wave down. Now, is this the death of NBG, or a temporary bottom?
The fib here is the length of wave 1. We are going so low, I highly doubt that we will retrace a full 100% of wave 1, but you never know. I would wait for more proof of a bottom (heavy volume, etc) before trying to catch the falling knife.
The fib here is the length of wave 1. We are going so low, I highly doubt that we will retrace a full 100% of wave 1, but you never know. I would wait for more proof of a bottom (heavy volume, etc) before trying to catch the falling knife.