Zigzag

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A directional corrective structure labeled:

A-B-C

Characteristics:

• Waves A and C are impulsive,
• Wave B is corrective,
• The structure produces a clear direction to price action.

NEoWave Association

NEoWave applies stricter validation standards to Zigzags by analyzing:

• internal structure,
• wave-B must take more time than wave-A,
• wave-C must take more time than wave-A,
• wave-C should be at least 38% of wave-A but normally 61% to 161% of wave-A.