U.S. Dollar IndexShort
DXY (Dollar Index) | The best area to fallđź“Ť
Hello traders, Dollar Index in 1 Hour Timeframe, this analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
According to the previous analysis, the dollar index is forming wave 4, and wave c seems to be in the form of a complete triangle.
After the end of wave c with the end of wave 4, wave 5 starts and we expect the bottom of the pink and Fibo channel to move 0.50-0.618 and even beyond.
Due to the presence of Fibo 1.618 for c wave in this area, it is a great area for price return.
If the price crosses the warning sign, this analysis will be fielded.
🙏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!❤️
According to the previous analysis, the dollar index is forming wave 4, and wave c seems to be in the form of a complete triangle.
After the end of wave c with the end of wave 4, wave 5 starts and we expect the bottom of the pink and Fibo channel to move 0.50-0.618 and even beyond.
Due to the presence of Fibo 1.618 for c wave in this area, it is a great area for price return.
If the price crosses the warning sign, this analysis will be fielded.
🙏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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