Elliott Wave ABC-Zigzag that led to a remarkable 4000% gainsHello traders and investors worldwide! Today, let's focus on a crucial Elliott Wave Pattern – the Zigzag. This corrective pattern, part of the trio, presents a high-probability trade if identified accurately. It involves an ABC decline, where waves A and C resemble an impulse (or diagonal), while B can be any corrective pattern.
In the case of BONKUSDT, a careful analysis reveals that the A wave decline takes the form of a type 1 diagonal, the B wave forms a triangle, and the C wave follows a regular impulse. A break above the B extreme suggests an imminent reversal, leading to a rise above the initial pattern, possibly reaching a new all-time high (ATH).
While Elliott Wave might seem complex, especially for beginners, it offers a comprehensive market perspective. Until next time, trade safely, and may the market favor you. If you find this helpful, consider leaving a like and comment.
