A double zigzag (W-X-Y) consists of two zigzags connected by an X wave. Both W and Y are zigzags. Wave Y extends beyond wave W, making a new price extreme. A triple zigzag adds a third component (Z).
Description
A double zigzag is a compound corrective pattern in which two zigzags (W and Y) are connected by an X wave. Because both components are zigzags, the pattern is classified as a steeper (price-correcting) compound correction. Wave Y must extend beyond the end of wave W, creating a new extreme in the corrective direction. A triple zigzag adds a third zigzag (Z) connected by a second X wave.
Key Points
- Structure: W(zigzag) – X – Y(zigzag); both W and Y are zigzags
- Wave Y extends beyond the end of wave W — makes a new price extreme (this is what distinguishes it from a double three)
- X wave: typically a simple zigzag; shallow retracement of W (38%–50% of W is common)
- Triple zigzag: W – X – Y – X – Z; all three components (W, Y, Z) are zigzags
- Most common position: wave 2 of an impulse (sharp, price-correcting correction)
- If Y does not extend beyond W, reconsider — it may be a double three (combination) instead
- Degree notation: double zigzag sub-waves use (W)(X)(Y) with the degree symbol
