🗺️DXY Index Roadmap🗺️

22 Des 2023

🏃‍♂️The DXY index has been moving in the Descending Channel for over two months.

🌊According to Elliott's wave theory, the DXY Index is near the end of the main wave 5.

🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame, we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5.

💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.

🔔I expect the DXY Index to start rising after touching the 🟢Support zone($101.30-$100.80)🟢, Support lines, and 🟡Price Reversal Zone(PRZ)🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵GAP🔵 and attack the upper line of the descending channel.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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22 Des 2023

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