ELLIOTT WAVE MASTERY COURSE: MODULE 8: MASTERY AND APPLICATION | DAY 50 CASE STUDY TWO: Trading a Zigzag Correction Not every trade is an impulse. Corrections pay too. Here is a Wave C short, start to finish. (Illustrative example for education, not a trade signal.) READING THE CORRECTION: STEP 1 - CONTEXT: Five waves up finished with divergence. A correction was due. STEP 2 - WAVE A: Wave A subdivided into five, pointing to a zigzag, not a flat. STEP 3 - WAVE B: Wave B retraced 61.8% of A and stalled below the impulse high. Zigzag confirmed. The plan: short at the end of Wave B, targeting Wave C, the entry from Day 38. EXECUTION AND OUTCOME: SHORT ENTRY: 132 (Wave B end) STOP: 142 (above impulse high) TARGET: 104 (Wave C equals Wave A) HOW IT PLAYED OUT: 🔹 Wave C fell in five clean sub-waves, confirming the zigzag 🔹 Took partial at the 1.0x Wave A projection near 104 🔹 Trailed the rest as C pushed toward the 1.618x extension 🔹 Closed fully when the fifth sub-wave lost momentum Result: risk was 10 to make 28, a clean 2.8R on a correction most traders sit out entirely. DAY 50 KEY TAKEAWAYS: 🔹 Corrections offer real setups 🔹 Wave A structure names the pattern 🔹 End of Wave B is the entry 🔹 Wave C often equals Wave A Next: Day 51 | When the Count Fails #ElliottWave #EWT #Zigzag #CryptoTrading