TRADER’S CLASSROOM BY JEFFREY KENNEDY

Variations and Complexities — Zigzags and Flats

Market: XLB, SRPT, IP, and IONS Wednesday, March 6, 2019

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In today’s episode, we’ll examine a few of the variations and complexities of zigzags and flats.

The primary variation of a zigzag is a double zigzag, which is labeled W-X-Y. The easiest way to identify a double zigzag is
to look for a seven-wave move contained with parallel lines. Another thing to remember about double zigzags is that wave X
most often ends near the extreme of wave B of the first zigzag.

Flats offer us two variations: expanded and running. An expanded flat is easy to identify because wave B, a three-wave move,
terminates beyond the origin of wave A. Wave C of course, unfolds in five waves and ends beyond the extreme of wave A.

If wave C of an expanded flat fails to terminate beyond the extreme of wave A, the operative pattern is a running flat. I find this
formation significant because the inability of wave C to end past the extreme of wave A suggests that there is underlying buy-
ing or selling pressure. Thus, the resultant move following a running flat is most often swift.

If you have a question for Jeffrey about today’s lesson, please leave him a voicemail. Jeffrey will listen to all messages and
choose a couple to respond to. When he does, he will share your question and his answer with the Trader’s Classroom com-
munity. Leave Jeffrey a Voicemail now.

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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International
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PO Box 1618 • Gainesville, GA 30503 USA customercare@elliottwave.com

770-536-0309 • 800-336-1618 • FAX 770-536-2514 © 2019 Elliott Wave International