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Running zigzag Pattern - Forex Trading

Running zigzag Pattern

Description

Apart from contracting Triangles, a failure in a corrective pattern happens when the C wave is shorter than wave A and fails to go beyond the end of A. This mostly happens in Running Flats and or in Zigzags. It indicates strength in the direction of the main trend.

Rules and guidelines

• The rules as mentioned with other corrective patterns apply.  

In which wave

Failures can occur in a C wave of wave 2, in a C or E wave of wave 4, in a C wave of wave B or X.

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