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Zigzag Pattern Definition

A zigzag pattern is a charting tool that filters out smaller price movements to highlight significant swings between highs and lows.

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What is a Zigzag Pattern?

It helps traders visually simplify price action and identify major turning points more clearly.

The zigzag indicator does not predict future price movement, as it is based entirely on past price data.

Example of Zigzag Pattern

Applying a zigzag indicator to a volatile chart can make the underlying major swing highs and lows easier to identify.

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