Macro Quarterly Chart of NZ50G (NZX50)

Big picture view of NZX 50 Index
NZ50G Quarterly Chart
Basic Elliott Wave - 8 wave structure shown... with where I think we are now

We appear to be in a long term 5 wave trending move higher
Currently within a choppy wave 4 structure that is near completion of a triangle pattern

Triangle patterns are typically Wave 4's and lead to continuation of the trend that proceeded it

Therefore its quite likely we will base out somewhere around the 11,000 point mark (Currently at 12,116) before finding some support and moving higher

I suspect this could lead to a large 30-50% move higher, but then expect things to get choppy and sideways for a number of years... as its going to take a lot of time to correct this 15 year trend, at least 5 years...

Am looking for buy levels on some key levels on NZX stocks to start loading up long term multi year positions