As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025
As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025

Bulkowski on the Zigzag Elliott Wave Pattern

This page describes the zigzag pattern of the Elliott wave principle, how price moves not in a straight line but in a series of rises and retracements.

The zigzag wave in a bull market. The figure to the right shows two zigzag waves. The first on the left, in blue, is an ABC correction of the prior motive wave in a bull market. It shows how wave B ends well below the start of wave A.

The right figure shows the 5-3-5 subwaves that make up the zigzag. Think of each subwave as a line segment in the illustration.

 

The zigzag in a bear market. The chart on the right shows the zigzag pattern in a bear market. This is just an inversion of the prior chart and is sometimes called an inverted zigzag. Wave B falls well short of the start of wave A, just as in the prior chart. The chart shows the 5-3-5 subwaves using numbers 1 through 5.

 

Zigzag Wave Rules

The zigzag has rules that govern its shape. They are listed here.

-- Thomas Bulkowski

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See Also

 

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