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# Bulkowski's Double Zigzag Wave

 BustedPatterns Candles ChartPatterns EventPatterns Small Patterns
 As of 04/23/2019   Industrials: 26,656 +145.34 +0.5%     Transports: 11,003 +26.03 +0.2%     Utilities: 773 +1.99 +0.3%     Nasdaq: 8,121 +105.55 +1.3%     S&P 500: 2,934 +25.71 +0.9% YTD  +14.3%    +20.0%    +8.4%    +22.4%    +17.0% Overview: 04/12/2019     26,900 or 25,500 by 05/01/2019   11,200 or 10,500 by 05/01/2019   825 or 755 by 05/01/2019   8,250 or 7,850 by 05/15/2019   2,975 or 2,800 by 05/01/2019
 As of 04/23/2019   Industrials: 26,656 +145.34 +0.5%     Transports: 11,003 +26.03 +0.2%     Utilities: 773 +1.99 +0.3%     Nasdaq: 8,121 +105.55 +1.3%     S&P 500: 2,934 +25.71 +0.9% YTD  +14.3%    +20.0%    +8.4%    +22.4%    +17.0% Overview: 04/12/2019     26,900 or 25,500 by 05/01/2019   11,200 or 10,500 by 05/01/2019   825 or 755 by 05/01/2019   8,250 or 7,850 by 05/15/2019   2,975 or 2,800 by 05/01/2019

This page describes the double zigzag pattern of the Elliott wave principle, how price moves not in a straight line but in a series of rises and retracements.

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 five subwaves in A, three in B, and another five in C. The end of wave B should fall well short of the start of wave A.

## Double Zigzag Wave 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.

-- Thomas Bulkowski