As of 12/02/2024
Indus: 44,782 -128.65 -0.3%
Trans: 17,545 -73.73 -0.4%
Utils: 1,057 -21.90 -2.0%
Nasdaq: 19,404 +185.78 +1.0%
S&P 500: 6,047 +14.77 +0.2%
|
YTD
+18.8%
+10.4%
+19.9%
+29.3%
+26.8%
|
 44,000 or 46,000 by 12/15/202417,025 or 18,000 by 12/15/20241,025 or 1,100 by 12/15/2024 20,000 or 18,500 by 12/15/20246,200 or 5,900 by 12/15/2024 |
As of 12/02/2024
Indus: 44,782 -128.65 -0.3%
Trans: 17,545 -73.73 -0.4%
Utils: 1,057 -21.90 -2.0%
Nasdaq: 19,404 +185.78 +1.0%
S&P 500: 6,047 +14.77 +0.2%
|
YTD
+18.8%
+10.4%
+19.9%
+29.3%
+26.8%
| |
|
44,000 or 46,000 by 12/15/202417,025 or 18,000 by 12/15/20241,025 or 1,100 by 12/15/202420,000 or 18,500 by 12/15/20246,200 or 5,900 by 12/15/2024 | ||
This page describes the 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 two zigzag waves. The first on the left, in blue, is an 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.
The zigzag has rules that govern its shape. They are listed here.
-- Thomas Bulkowski
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