This pattern can be a combination of zigzag flats(frequently elongated) and triangles.
Virtually always a pattern which falls into this category terminates with triangle
Either one the two x-waves can also be triangles but are not required to be.
The first two Corrections (The one which starts the move and the one right after the first x-wave)
Should not be...
The Dow Jones Industrials DJ has a very interesting long term chart,
particularly the +20 year chart. Between 1998 and 2009, the Dow Jones
traded in a sideways pattern, while before and after that period
it was in a secular bull market. It is not really fair to say that
the stock market is in a bubble right now, although, on a shorter
timeframe, a bubble view...
If wave-1 turns out to be or is believed to be the longest wave in the sequence the second
wave cannot retrace mush more than 38.2% of the first wave. If the first wave is not longest wave the lowest
point of wave-2 can retrace as much as 99% of wave-1.
NASDAQ:AAPL The Double Zigzag formation is one of the most popular and reliable formations used in technical analysis
the typical B-B trendline of a Complex Correction is being implemented
A well-contained move-ment of muliple advances and declines between two parallel lines will usually be a double or triple zigzag
Bitcoin and the Reverse Head and Shoulders Pattern
The reverse head and shoulders formation (also known as inverse head and shoulders formation) is one of the most popular and reliable formations used in technical analysis. As the name suggests, it has a shape similar to the head and shoulder. This head and shoulders bottom pattern usually signals a change in...
1.Wave-c cannot be shorter then 38.2% of wave-a, but should be less then 61.8% of wave-a.
2.After completion of zz the market must retrace at least 81% of entire zz and preferably it should retrace 100% or more.
3.the pattern will most likely be found as one of five legs of triangle or as a sement of one of the legs of a triangle.