There are several types of corrective patterns that can be observed in financial markets, including zigzags, flats, triangles, and combinations of these patterns. Each pattern is characterized by a specific structure and price movement, which traders can use to identify potential entry and exit points for trading positions.
Zigzags are one of the most common corrective patterns, and they consist of three waves labeled A, B, and C. The A and C waves are typically in the direction of the overal...
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