Riding Wave C in a Zigzag
C waves of zigzags offer great trading opportunities, because they are five-wave structures that move in the direction of the main trend. Their setup is also clear: five waves in the direction of the main trend for wave A followed by three waves moving countertrend for wave B. These next two examples, based on trades Wayne Gorman made in 1998, demonstrate the power of trading this particular pattern.
Trading Wave C of a Zigzag in S&P 500 Futures
In this section, we will see how having alternate wave counts did not affect formulating a profitable strategy. While studying the S&P 500 stock index futures market in early ...
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