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Strategies & Market Trends : Classic TA Workplace
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To: At_The_Ask who wrote (28890)1/21/2002 1:20:34 PM
From: AllansAlias  Read Replies (1) of 209892
 
About the red labels:
His leg off the bottom is a 'zizag' -- the classic 5-3-5 correction, impulsive in the direction of the correction, but corrective within the wider count.

After the top, he is labelling a correction as a 'flat', the other principal type of correction; a 3-3-5. You can see the 3 down to a', then another 3 to b', then 5 down to c'. Finally, that entire 3-3-5 he is calling as either a complete correction and up we go, or just the 'a' leg of a much larger correction time-wise.
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