Real Time example - TRIPLE ZIGZAG (Bullish)

2021년 12월 31일

Let's talk about each waves of Triple Zigzag:
Wave W (5-3-5) impulsive: ((a)) = ((b)) at 17709 which is close actual low 17613. Its a sharp zigzag.

Wave 1X corrective: Wave ((b)) 3-3-5, Running Correction which is little complex.

Wave Y (5-3-5) sharp: ((a)) = 0.786 ((b)) at 16824 which, is very near actual low as 16782

Our first question is, What is the Zigzag?
In chart, a, b and c is zigzag which very easy to understand by picture.

Its really easy to understand this wave counting if you read just below basic rules and Characteristics of Zigzags. The main question, What is going on in nifty? This Triple Zigzag is bullish pattern. Really market is follow this pattern? - Wait and Watch...

Characteristics of Zigzags:
— labeled a-b-c
— subdivide 5-3-5
— typically occur in wave 2 position
— ‘b’ wave does not approach ‘a’ wave origin
— ‘c’ wave ends beyond ‘a’ wave extreme
— belong to ‘sharp'

Rules:
- Wave A always subdivides into an impulse or leading diagonal.
-Wave A always subdivides into an impulse or leading diagonal.
- Wave B always subdivides into a zigzag, flat, triangle or combination.
- Wave C always subdivides into an impulse or diagonal triangle.

We can use channel for zigzag. The Wave C often ends upon reaching the extreme of the channel.

2021년 12월 31일

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Shortly I will post is here actual trading level and smaller waves counting chart.

2022년 1월 2일

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Scenario : 1

2022년 1월 2일

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((a))=((c)) at 17574 (mistake corrected)*

2022년 1월 2일

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2022년 1월 2일

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Dow Jones future (weakness) which can affect Indian markets.

2022년 1월 4일

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