medium · Elliott Wave Theory corrective
Which specific diagnostic allows a technician to distinguish a zigzag from a flat correction after only the first leg is complete?
- The internal sub-wave count of Wave A is 5 for a zigzag and 3 for a flat.
- The depth of retracement, since zigzags always retrace beyond 61.8% of Wave A.
- The presence of a contracting triangle in the second leg's position.
- The slope of Wave A, which is always steeper in a flat correction.
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