regit wrote: Thu Apr 13, 2023 10:18 pm Thanks for this post.

Although when I first started examing the relationships of the 3 degrees of the zigzags, I was looking to see if there was a consistent division of a larger degree by a smaller degree. I had initally also noted that as you stated above, " Any chart is always divided into a three-legged zigzag. Any zigzag of the senior partition consists of zigzags of the junior partition". However, with further checking, I found that this was not consistent. For example, below is a single level 2 (orange) that comprises 5 level 1 (aqua).

However, if point 3 is ignored due to it being a higher low than point 1, then that can also eliminate 4, which will indeed result in 1-2-3.

In fact, you raised a very good question... Actually, if we look at your picture, we can see a 5-leg blue zigzag on it. But... we know from theory that there must be a triple pendulum. Why is this happening??
In fact, such moments once again confirm the chaotic nature of the market. This is chaos... But the zigzag indicator always has the constant period parameter, in this case 48. That is, we are trying to measure chaos, which is constantly changing using a regular roulette wheel. How can we hope that our measurements will be correct? Whatever the period of the zigzag, there will always be moments where it will make mistakes and there is no escape from this.
What to do? Try to look with our own eyes through the zigzags that the indicator draws for us, and if we see that the zigzag proposed by the indicator looks somehow very wrong, or has more than three legs, we must independently visually determine the correct marking based on our understanding of the attractor, which should firmly rooted in our heads.
Below I will give an example of a situation that is currently developing on bitcoin. Incorrect and correct marking of zigzags...