DXY (Dollar Index) | The best area to fall📍
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
As I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes.
Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4.
There are two possibilities:
First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5.
Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
As I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes.
Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4.
There are two possibilities:
First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5.
Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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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.