2011-07-28 - eurusd - the end of 4th wave?

Eurusd has been in correction since yesterday - pair has lost more then 50% 3rd wave value. We can see it on H4 chart:

4th wave came into the are of wave 2, this is possible on markets with lever.


4th is probably done - we can see it on the hourly chart:

We can see that wave a is longer then wave c - so we can make assumption that three waves correction is over, hover the market will check if we were right or not.