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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – October 28: The Euro Approaches a Key Decision Point
The wave count on the four-hour
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The wave count on the four-hour chart for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward trend segment has taken the form of a five-wave structure A-B-C-D-E, which may be complete at any moment, as it appears structurally complete. All waves within this segment are approximately equal in size, so it is considered corrective. If this assumption is correct, the completion of this structure will be followed by the development of an impulsive upward trend
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