ZIGZAG Pattern is made up of 3 waves were Wave A has 5 impulse waves, Wave B has 3 corrective waves, and Wave C has 5 waves. Our main focus is riding Wave C once wave B finishes its retracements to fibonacci levels. Ideally, Wave A = Wave C. This means if Wave A made 20% move, Wave C should do the same.
Comment:
Wave B retraced to 38.2% and 50% Fibonacci levels
Comment:
Wave A = Wave C = 20% GAIN
Wave B = 3 waves
Wave C = 5 waves