Business and Personal Finance Dictionary

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• ZIGZAG
  
  In a bull market, an Elliott three-wave pattern that subdivides into a 5-3-5 pattern with the top of wave B noticeably lower than the start of wave A. In a bear market, this pattern will be inverted. A price level that concludes a short-term rally in an ongoing trend. A bull market will be made up of a series of rally tops.
  
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