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A ZigZag is a technical indicator which is usually used when analysing price fluctuations on a graph with the aim of uncovering previous substantial changes in the trend. It’s worth noting that a ZigZag is not used to forecast future price changes. It can be recognised as a combination of segments which are connected to each other by significant peaks on a graph. By using the ZigZag indicator, traders can often make out Elliot waves.


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