Apple correction is a clear example of Zigzag pattern so far..!
Elliott Wave Corrections
Corrective patterns can be grouped into two different categories:
1) Simple correction
2) Complex correction
A simple correction has one pattern only. This pattern is called a Zig-Zag correction. A Zig-Zag correction is a 3-wave pattern.
The Wave A of a Zig-Zag correction always has a 5-wave pattern.
In the other two types of corrections (Flat and Irregular), Wave A has a 3-wave pattern. Thus, if you can identify a 5-wave pattern inside Wave A of any correction, you can then expect the correction to turn out as a Zig-Zag formation.
Wave B = usually 50% of Wave A
Wave B should not exceed 75% of Wave A
Wave C =either 1 x Wave A, or 1.62 x Wave A, or 2.62xWaveA
Corrective patterns can be grouped into two different categories:
1) Simple correction
2) Complex correction
A simple correction has one pattern only. This pattern is called a Zig-Zag correction. A Zig-Zag correction is a 3-wave pattern.
The Wave A of a Zig-Zag correction always has a 5-wave pattern.
In the other two types of corrections (Flat and Irregular), Wave A has a 3-wave pattern. Thus, if you can identify a 5-wave pattern inside Wave A of any correction, you can then expect the correction to turn out as a Zig-Zag formation.
Wave B = usually 50% of Wave A
Wave B should not exceed 75% of Wave A
Wave C =either 1 x Wave A, or 1.62 x Wave A, or 2.62xWaveA
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.