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        Zig Zag Pattern

        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

         

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        • Corrective Waves
          Double Zig-ZagMarkets move against the trend of one greater degree only with a seeming struggle.
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          BJay

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          Motive WaveMotive waves have a five-wave structure, while corrective waves have a three-wave structure or a variation thereof.
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