Reading Time: 2 minutesWill the dow make another all-time high? As a new month begins and the DJIA being less than 3% from another record high in less than 3 years. The DJIA closed at 28,645 yesterday from an incredible low of 18,213 at the end of March 2020. This is not a normal market. Seeing traders taunting[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