The Greek Stock Market has been in a major bear market since it’s peak in 2000, down to a low in 2016 not seen since 1989. The entire decline was approx. 95%.
However, the bear market should continue, at least a few more years, before it is over. A correction in a possible 4th wave triangle is currently in progress. A rally in wave “c” marked in black color might be topping. The next should be a decline in wave “d”, followed by a small rally in wave “e” in order to complete the triangle.
Notice, that a final decline in wave 5 marked in blue color is still due over the next few years.
The above chart with analysis is an extract from our April 2023 Elliott Wave Technician Investment Newsletter.