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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – October 29: The Fed Meeting Results Were in Line with Expectations
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 time frame (bottom chart), the downward trend segment has taken the form of a five-wave A-B-C-D-E structure, which could be complete at any moment, as it appears well developed. All waves within this segment are approximately equal in size, so this structure is considered corrective. If this assumption is correct, a new impulsive upward trend segment will begin once the correction is complete, with
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