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The figure to the right shows two zigzag waves. The first on the left, in blue, is a ABC correction of the prior motive wave in a bull market. It shows
how wave B ends well below the start of wave A. The right figure shows the 5-3-5 subwaves that make up the zigzag. Think of each subwave
as a line segment in the illustration.
The chart on the right shows the zigzag pattern in a bear market. This is just an inversion of the prior chart and is sometimes called an inverted zigzag.
Wave B falls well short of the start of wave A, just as in the prior chart. The chart shows the 5-3-5 subwaves using numbers 1
through 5.
Rules
The zigzag has rules that govern its shape. They are listed here.
- The zigzag is an ABC correction of the motive wave.
- The pattern follows the 5-3-5 subwave configuration.
- Subwave B falls well short of the start of subwave A.
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