Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Forex Education: Trading Elliott Wave Zigzags

Forex Education: Trading Elliott Wave Zigzags

Jeremy Wagner, CEWA-M, Head of Education

Share:

In this webinar recording, we assessed another one of the cornerstone patterns of Elliott Wave Theory, the zigzag.

There are two main rules associated with zigzag waves:

  1. Wave B cannot retrace 100% or more of wave A.
  2. The subwaves are 5-3-5 meaning wave A has 5 waves, wave B has 3 waves, wave C has 5 waves

We also looked at an idealized view including subwaves for a zigzag. We also discussed channeling the zigzag and other common guidelines for them. More importantly, at the end, we discussed how you use this information to trade it.

See how Elliott Wave Theory is applied in the current environment in the main markets. Join Jeremy in the US Opening Bell webinar on Mondays here.

If you cannot make the live webinars, but wish to learn more about Elliott Wave theory, grab our beginning and advanced Elliott Wave guides here.

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES