The Zig Zag indicator is often used in conjunction with Elliot Wave Theory to determine the positioning of each wave in the overall cycle. Traders can experiment with different percentage settings ...

The zig zag indicator is a basic tool used by analysts to find out when a security's trend is reversing. Determining the support and resistance areas helps to identify significant changes in price ...

[Image 3] Additionally, it is common for the A-B-C zigzag to create a price channel. So we can use the price channel as a means to estimate the ter mination point of C and the zig zag pattern.