Scenario 1: Zig~Zag Correction IF Greece Default

Scenario 1: Greece Default.

I will be looking for a 61.8% retracement of the GER30 all time highs in a Zig~Zag Correction to the 10415 area.

I am taking the 'correction' as Wave 4 of the Impulse Wave from October 2014. Therefore the lows of Wave 4 cannot touch the highs of Wave 1.

The target 10415 is 1.618 of Wave (A).

Criticism & Comment Welcome!