The zigzag structure is one of the three core corrective patterns explained in the Elliott Wave theory. The other two are the Flat and Triangle structures. Typically, a zigzag structure is counter ...
You can spot the zig-zag letters from their zig-zag lines. Let's look at the ‘V’ here. That down up movement makes the zig-zag. ‘W’ is the same, only with more diagonals. Down, up, down, up.