Nordea Bank Oyj Helsinki

45 0
The last five wave move up, 5 circled, from March 2009 low looks like ending diagonal , a final sequence of a larger structure. The fifth (5) of the fifth 5 circled is truncated wave, which leaves a bit suspicion to this interpretation.

Anyway the move up is overall choppy and overlapping between (1) and (4) waves so there are not much choice to interpret this. The other possibility is, that the move up is some kind of B wave. But in both cases the outcome is down. However I am not very confident about this.
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