Zigzag
Master the Most Common Corrective Pattern · Rules, Guidelines & Trading Applications
A zigzag is one of the most common Elliott Wave corrective patterns. It consists of three waves (A-B-C) that move sharply against the larger trend, creating a distinctive “Z” shape on the chart. Zigzags are highly directional reversals with clear structure and reliable Fibonacci targets, making them essential for traders to identify and trade.
What is a Zigzag?
A zigzag is one of the most common Elliott Wave corrective patterns. It consists of three waves (A-B-C) that move sharply against the larger trend, creating a distinctive “Z” shape on the chart. Zigzags are highly directional reversals with clear structure and reliable Fibonacci targets, making them essential for traders to identify and trade.
Zigzag Structure: A-B-C Breakdown
| Wave | Structure | Direction | Characteristic |
|---|---|---|---|
| Wave A | 5-wave impulse (or 3-wave) | Against trend | Sharp, decisive move down (or up) |
| Wave B | 3-wave correction (any type) | Against Wave A (bounce) | Retraces 50–79.6% of Wave A |
| Wave C | 5-wave impulse | Same as Wave A | Sharp move, often extends 1.236–1.618 of Wave A |