(Elliot Wave ) How to find ZIG ZAG correction in Current chart

8 févr. 2022

GABRIEL INDIA

--> Daily chart Zig Zag patterns formation
it look like GABRIEL INDIA CHART Zig Zag correction

WAVE FORMATION

WAVE A ]show yellow colour circle --> in inner wave 5 wave sturture .i am count 1,2,3,4,5 in black colour

WAVE B show yellow colour circle --> in inner wave 3 wave sturture .i am count a,b,c in red colour

WAVE C show yellow colour circle ---> in inner wave 5 wave sturture .i am count 1,2,3,4,5 in black colour

Rules and objectives:
1--> zig correction first rule wave A down 5 wave sturture
2 --> Wave b up side move corrective phase 3 wave sturture
3--> Wave c direction again down side 5 wave sturcture
4--> Wave b upside not be more than 0.618% than wave A
5--> Wave-a should not retrace more than 61.8% of the previous Impulse wave of one larger degree.
6-->Wave-b should retrace at least 1% of wave-a.
7.--> Wave-c must move, even if only slightly, beyond the end of wave-a

see type of Zig Zag correction Line chart

8 févr. 2022

Note

1 Simple Zig Zag
2 Truncated Zig Zag
3 Elongated Zig Zag

9 févr. 2022

Note

simple Zig Zag (Normal zig ) Bear phase

9 févr. 2022

Note

Nifty 50 current chart[\b]
bear market Zig Zag [\b]

9 févr. 2022

Note

time , price , construction alternation see