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HOW TO TRADE SIMPLE ZIG-ZAG
Simple Zig-Zag has a very important distinctive feature. Particularly its starting leg down in wave A is subdivided into five waves of a smaller degree. This is why if you get a pullback that has an impulsive structure it is a strong hint that this drop is only the first leg down in wave A. After a corrective pullback up in wave B up you should expect another drop in wave C down that should drop under the low of the first leg down in the wave A.
- Introduction to Section 6 “Corrective Waves”.
- Simple Zig-Zag.
- How to trade Simple Zig-Zag.
- Regular Flat.
- Bonus: Trading corrective waves shaped as a Regular Flat.
- Running Flat.
- Expanded Flat.
- Correction Shaped as a Triangle.
- Bonus: Triangle can play dirty tricky games.
- Triangle: Key Takeaways.
- Wave B is the least predictable beast.
- Bonus.Wave B explained.
- Two types of corrective structures: “through time” vs “throw price”.
- Complex Corrective Pattern: Double Three.
- Guidance on Alternation Between Corrective Waves