Reading Time: < 1 minuteLook at this #expandingtriangle pattern here formed in the #dx (dollar index) from 6/10- 6/30. ?Wave A = Zigzag?Wave B = Zigzag?Wave C = Is usually more complex than the other waves.?Wave D = Zigzag but also gives the look of an impulse wave.?Wave E = In rare cases take the form of a triangle pattern itself. A triangle[More…]
Dissecting The All Too Famous Zig-Zag Pattern
A zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The wave sequence is 5-3-5.
- A three wave move in Wave A, signals a flat or triangle for Wave B
- A triangle always occurs in a position prior to the final wave
- Wave C is the final wave in the sequence