Corrective
Double Zigzag
QUICK DEFINITION
Double Zigzag in Elliott Wave Theory: A complex corrective pattern consisting of two zigzag formations connected by a Wave X. Labeled W-X-Y, where both W and Y are zigzags. Typically produces a steeper correction than a single zigzag.
What Double Zigzag Means
A complex corrective pattern consisting of two zigzag formations connected by a Wave X. Labeled W-X-Y, where both W and Y are zigzags. Typically produces a steeper correction than a single zigzag.
Where You'll See It
Double Zigzag appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the corrective family of Elliott Wave concepts and shows up most often when analysts are decoding a 3-wave correction inside a larger impulse — A-B-C, zigzag, flat, or triangle.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments