Rules and guidelines for identifying and labeling a Triple Zigzag pattern:
1) Wave W must be a Zigzag.
2) Wave X can be any correction except an Expanding Triangle.
3) Wave X must be smaller than wave W by price and correct about 50-61.8% of W=Same thing to XX
4) Wave Y must be a Zigzag.
5) Wave Y must be equal to or longer than Wave X by price.
must be at least 90% from W and 138.2% -161.8% from X =same thing to Z
6) Wave XX can be any correction except an Expanding Triangle.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price
1) Wave W must be a Zigzag.
2) Wave X can be any correction except an Expanding Triangle.
3) Wave X must be smaller than wave W by price and correct about 50-61.8% of W=Same thing to XX
4) Wave Y must be a Zigzag.
5) Wave Y must be equal to or longer than Wave X by price.
must be at least 90% from W and 138.2% -161.8% from X =same thing to Z
6) Wave XX can be any correction except an Expanding Triangle.
7) Wave XX must be smaller than wave Y by price.
8) Wave Z must be a Zigzag.
9) Wave Z must be greater than or equal to Wave XX by price
Comment:
We are going to target .
Comment:
Love the strong move from Z wave up .
Comment:
LIke trading the corrective wave , you caan trade with itdown and once it finish u will trade it up .