TradingView
7pasos
Aug 13, 2013 5:17 AM

If a zigzag should end around here 

Silver/U.S. DollarFXCM

Description

The silver correction to the upside yesterday increased it's pace.
Some what this is a kind (rare but possible) of alternation, is more common find the fast A and slow C but given the long and strong decline is understandable to find a dubitative A impulsive wave (taking then the shape of a leading diagonal) and be followed by a more decisive impulse taking therefore the shape of fast impulse.
On the other hand if the strength keeps developing then a new impulse to the upside could be in place and the last fast impulse be the wave 3.
Given the context this last scenario is the less probable.
More