Trade-Technique

Elliott wave : Simple zigzag Bearish & Bullish market

Education
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello ,
I am back with my new idea . "Elliott wave concept"
you can see this is Zigzag in bullish market
zigzag :
----------------------bullish market-----------------------
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---------------------bearish market-------------------------


we see zigzag in corrective waves 2,4 & B
wave A always makes 5 wave which is 1,2,3,4,5 or it can make Leading diagonal
wave C always makes 5 wave which is 1,2,3,4,5 or it can make Ending diagonal
wave B never ever move beyond wave A and it subdevided into 3 waves or we can see zigzag , flat , double zigzag , combination etc.
wave C frequently always ends beyond starting point of wave 1
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Ratio of Retracement


Normally Retracement of wave B : 38.2% to 78.6% of wave A

+ if wave B is Triangle :
it retraces 38.2% to 50%
+ If wave B is Zigzag :
it retraces 50% to 78.6% of wave A
+ if wave B is running triangle
wave b can be 10 to 40% of wave A
Thanks for your valueable time
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