Reading Time: < 1 minuteThe broad market #djia still in a correction? Will the spike or some other event causing another sharp down wave in the coming/weeks month? A five-wave down in Wave A. is a good indication that the correction is not over. Wave B is the sucker play, pump fake, bull traps, make you feel the market[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