Elliott Wave Analysis Can Help You See Countertrends. Pattern in Focus: the Zigzag.

Often, as traders and investors we start off with an open mind about playing the field, so to speak. We watch the news, listen to friends and colleagues — and we try to apply what’s known as “fundamental” market analysis to make our trading decisions. Soon, though, we start to realize that the “bullet-proof” logic of “fundamental” analysis is not Kevlar, but a piece of cardboard. We see markets fall after good news; rally after bad; and go sideways, defying both bulls and bears. That’s when we realize that trading is not as easy as it seems.

Characteristics of Zigzags Part 2

Basic Elliott Video Lesson — Characteristics of Zigzags For consistent trading, use Elliott as your metronome.  By Elliott Wave International When you are new to trading with Elliott Waves, it can take some time before each pattern is easy to recognize and understand. But as with new music, the more you listen the more the […]

Basic Elliott Video Lesson — How the Zigzag Measures Up

Editor’s Note: This excellent video from Elliottwave International  explains what the zigzag shape looks like in contrast to the other sideways structures such as a “Flat” and a “Triangle”. It also covers “Double Zigzags” and “Triple Zigzags”, plus the rules and guidelines for a Zigzag pattern.  Tim McMahon~editor   How To Differentiate a Zigzag From Other Elliott […]