- The zigzag consists of three main waves.
- Wave A of the zigzag is either an impulse or a wedge.
- Wave C of the zigzag is always an impulse or a diagonal triangle.
- Wave B of the zigzag can take the form of any correction pattern.
- The length of wave B in the zigzag is shorter than the length of wave A.
- The length of wave C in the zigzag is longer than the length of wave B.
- The main waves are always denoted by letters A-B-C.
- Active waves A and C tend to be equal in length, possibly through Fibonacci ratios.
- Wave C of the zigzag may not reach the beginning of wave B (truncated zigzag).
- In rare cases, wave B of the zigzag may be longer than wave A.
- The line connecting the peak of wave A and the end of the zigzag is often parallel to the line connecting the start of the zigzag and the peak of wave B.
- The primary active waves of the zigzag may be truncated, but only in one wave.
- The zigzag is a deep correction relative to the dominant trend of the higher timeframe.
- Waves A and C of the zigzag indicate the direction of the prevailing trend within the zigzag.
- The zigzag formula is 5-3-5.