ZL. Zigzag for wave 2.
Working on the idea of a Zigzag pattern for Wave ((2)) in the soybean oil market.
In Elliott Wave Theory, a Zigzag pattern is a corrective wave pattern that usually consists of three waves:
Wave A:
This is the initial decline from 42.68 in 5 wave sequence, setting the stage for the corrective pattern.
Wave B:
3 wave corrective rally that follows Wave A.
Wave C:
This is the final leg of the Zigzag pattern, typically extending beyond the end of Wave A. Wave C is always either an impulse or a diagonal. My interpretation of the current structure is that Wave C has developed into an expanding diagonal and may possibly end at 3956.
Invalidation for this idea = 3956
In Elliott Wave Theory, a Zigzag pattern is a corrective wave pattern that usually consists of three waves:
Wave A:
This is the initial decline from 42.68 in 5 wave sequence, setting the stage for the corrective pattern.
Wave B:
3 wave corrective rally that follows Wave A.
Wave C:
This is the final leg of the Zigzag pattern, typically extending beyond the end of Wave A. Wave C is always either an impulse or a diagonal. My interpretation of the current structure is that Wave C has developed into an expanding diagonal and may possibly end at 3956.
Invalidation for this idea = 3956
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.