DXY (Dollar Index) |Short-term strengthening of the dollar
Hello traders,In the daily timeframe, in addition to examining the 4 and 5 microwaves of wave 1, we also examined wave a and b of wave 2.
The wave has a 5-wave structure, so it is probably zigzag. Now we are inside wave b, which has a flat state, and 2 microwaves have finished themselves and we are inside wave c. I specified two goals for wave c, the first goal is to the end of wave a and the next goal that I consider most important is Fibo 0.38 (this Fibonacci is drawn from the beginning to the end of wave c).
Why do I consider this goal more important? Because this Fibonacci is exactly at 1.27 (from the beginning of wave b to its end) and also the dollar index has shown a strong strong reaction to Fibo 1.27.
❤️Please, support this idea with a like and comment!❤️
The wave has a 5-wave structure, so it is probably zigzag. Now we are inside wave b, which has a flat state, and 2 microwaves have finished themselves and we are inside wave c. I specified two goals for wave c, the first goal is to the end of wave a and the next goal that I consider most important is Fibo 0.38 (this Fibonacci is drawn from the beginning to the end of wave c).
Why do I consider this goal more important? Because this Fibonacci is exactly at 1.27 (from the beginning of wave b to its end) and also the dollar index has shown a strong strong reaction to Fibo 1.27.
❤️Please, support this idea with a like and comment!❤️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.