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 Wave Patterns
By Elliott Wave International
It can be a challenge to describe the differences between two similar objects. For example, I’d struggle to tell the difference between Pinot Grigio and Sauvignon Blanc in a taste test (that’s why I don’t try to earn a living as a sommelier).
When it comes to Elliott Wave analysis, it can be difficult to distinguish among technical patterns on a price chart, especially when you’re new to trading.
That said, now it’s your turn: can you explain how a zigzag compares to other corrective patterns?
Watch this brief clip to learn what the zigzag shape looks like in contrast to the other sideways structures. (Note: If you are interested in getting a strong foundation in the Wave Principle, check out our free Elliott Wave Tutorial — find out how below.)
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This article was syndicated by Elliott Wave International and was originally published under the headline Basic Elliott Video Lesson — How the Zigzag Measures Up. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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