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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – October 20: The Euro Remains Weak as the Pound Gains Momentum
The Elliott wave structure on the
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The Elliott wave structure on the four-hour chart for EUR/USD has become more complex. On the higher time frame (lower chart), the downward trend segment has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears structurally complete. All the waves in this segment are approximately equal in size, so this structure is considered corrective. If this assumption is correct, an impulsive upward trend segment will begin once the correction is complete,
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