ZigZag Double-Bottom Signal with Rising Confirmation Levels

Summary

The document describes a signal based on a ZigZag pattern. Its stated setup is a double bottom, followed by confirmation levels in which C is above B and D is above C. It suggests EUR/USD on a 15-minute chart as a preferred starting point, while allowing other timeframes. The material offers no detailed entry, exit, or risk rules, and it provides no performance statistics or comparison across markets. It cautions that ZigZag indicators redraw past turning points, which can make visual historical signals misleading. The accompanying examples are described as signals ordered by publication time and viewed in a strategy tester. The document therefore presents a pattern concept and testing suggestion, not evidence that the signal is profitable or robust.

Key ideas

• The signal looks for a double bottom in the ZigZag indicator.
• It requires the C level to exceed B and the D level to exceed C.
• The suggested starting market and timeframe are EUR/USD on a 15-minute chart.
• Because ZigZag redraws, historical appearances may differ from signals available in real time.
• The document gives no quantified performance evidence or full trade-management rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.