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The figure to the right shows what a double zigzag wave looks like. If you know what a zigzag looks like, then
the double zigzag is two of them pasted together with a ’three’ in between. Sometimes, you see three zigzags coupled together
when price falls short of its intended target, according to Frost and Prechter. The double and triple zigzags are similar to an
extension of an impulse wave,
if you know what that means, but are rarer. Second waves often have zigzags as their subwaves but fourth waves rarely do.
This chart is the same as the prior one but the wave occurs in a bear market. Highlighted in red is the three subwave
pattern (1, 2, and 3) connecting the two zigzags together.
Each zigzag is a 5-3-5 pattern itself, meaning it has 5 subwaves in A, 3 in B, and another 5 in C. The end of wave B should fall well short of the start
of wave A.
Rules
The double zigzag has rules that govern its shape. They are listed here.
- The double zigzag is an ABC correction of the motive wave.
- A double zigzag are two zigzag patterns coupled together by a ’three’.
- Subwave B in each zigzag falls well short of the start of subwave A.
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