Zigzag


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Summary of ZigZags

The corrective wave patterns of the Elliott Wave Principle include several types, with the zigzag being the simplest and most common.

A zigzag pattern consists of:

  • A five-wave A wave
  • A three-wave B wave
  • A five-wave C wave

Key characteristics of the zigzag pattern:

  • Wave B cannot retrace beyond the starting point of wave A.
  • Wave B typically does not exceed the 0.618 retracement level.
  • Common retracement levels for wave B range from 0.382 to 0.618 Fibonacci levels.
  • Waves A and C often have a common relationship of 1-to-1 or 1-to-1.618.

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