Double Zigzag (W-X-Y) Corrective Pattern
When a standard single zigzag fails to achieve sufficient vertical retracement depth to rebalance an antecedent impulse wave, the market does not surrender its corrective intention. Instead, it chains two independent zigzag structures together into a single, cohesive, aggressive counter-trend sequence. I classify this geometric structure as a Double Zigzag, labeled in modern wave notation […]