As of 01/28/2026
Indus: 49,016 +12.19 +0.0%
Trans: 18,145 -40.89 -0.2%
Utils: 1,091 -4.81 -0.4%
Nasdaq: 23,857 +40.35 +0.2%
S&P 500: 6,978 -0.57 0.0%
|
YTD
+2.0%
+4.5%
+2.2%
+2.6%
+1.9%
|
 50,500 or 48,000 by 02/01/202619,400 or 17,750 by 02/01/20261,140 or 1,075 by 02/01/202624,750 or 22,700 by 02/01/20267,250 or 6,700 by 02/01/2026 |
As of 01/28/2026
Indus: 49,016 +12.19 +0.0%
Trans: 18,145 -40.89 -0.2%
Utils: 1,091 -4.81 -0.4%
Nasdaq: 23,857 +40.35 +0.2%
S&P 500: 6,978 -0.57 0.0%
|
YTD
+2.0%
+4.5%
+2.2%
+2.6%
+1.9%
| |
|
50,500 or 48,000 by 02/01/202619,400 or 17,750 by 02/01/20261,140 or 1,075 by 02/01/202624,750 or 22,700 by 02/01/20267,250 or 6,700 by 02/01/2026 | ||
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
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
|
My Stock Market Books
Invest for Two-Comma Wealth Second Edition Coming!
|
My Novels
Orb Foresight Rewrite Coming!
|
Don't drink and drive. You might hit a bump and spill your drink.
on