💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (SZ or ZZ)
❗❗ 𝙍𝙪𝙡𝙚𝙨
● A zigzag always subdivides into three waves.
● Wave A always subdivides into an impulse or leading diagonal .
● Wave C always subdivides into an impulse or ending diagonal .
● Wave B always subdivides into a zigzag, flat , triangle or combination thereof .
● Wave B never moves beyond the start of wave A .
● Wave B always ends within the price territory of wave A .
● Wave C almost always ends beyond the end of wave A . (failure to comply with this requirement is called «truncation» *
* Guideline, but should be followed as a rule
❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Wave C should not fail to reach the end of wave A by more than 10% of the length of wave A .
● In a zigzag, the length of wave C is usually equal to that of wave A , although it is not uncommonly 1.618 or .618 times the length of wave A (rarely 2.618 )
● Wave B typically retraces 38 to 79 percent of wave A .
● If wave B is a contracting triangle, it will typically retrace 38 to 50 percent of wave A .
● If wave B is a running contracting triangle , it will typically retrace between 10 and 40 percent of wave A .
● If wave B is a zigzag, it will typically retrace 50 to 79 percent of wave A .
● In a zigzag, if wave A is a leading diagonal , then we would not expect to see an ending diagonal for wave C .
● A line connecting the ends of waves A and C is often parallel to a line connecting the end of wave B and the start of wave A . (Forecasting guideline: Wave C often ends upon reaching a line drawn from the end of wave A that is parallel to a line connecting the start of wave A and the end of wave B .)
Elliott Wave Principal 2005 and Q&A EWI.
