The volatile market can be very choppy, in that the graph of a price chart seems to be all over the place. Some notable examples of the past 2 weeks (main portion of trading day circled in blue):
Most chart analysis books present charting examples that are much smoother and easier to analyze. But the real world market movement can be anything but “smooth”. It’s frenetic nature can pose as a difficult riddle to solve for many traders/investors.
However, all that “zig zagging” represents a language, the secret language of the market as it tests resistance and support. Understanding that language is a key to accurately reading market behavior.
So while all the zig zag “chop” is practically universally disliked by traders, it does present opportunities in gaining a deeper understanding of market behavior, which translates to moving up the ladder of trading skill and performance.