Hi everyone.
As you know, There are 3 orders of simple patterns of waves, also, there are 13 variations of simple patterns: impulse, ending diagonal , leading diagonal , zigzag , double zigzag , triple zigzag , regular flat, expanded flat, running flat, contracting triangle, descending triangle , ascending triangle and expanding triangle.
Zigzag (5-3-5)
A single zigzag is a simple three-wave declining pattern labeled ABC
Fibonacci ratio:
Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
Wave C = 61.8%, 100%, 123.6% or 161.8% of wave A
Note
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.