DXY (Dollar Index) | The best area to fall 📍
Hello traders, The dollar index in the 1-hour timeframe was forming in the previous analysis of wave a and was completed in 5 waves, and wave 2 is probably zigzag.
If the price returns from Fibonacci 0.618, this downward trend will continue to form a wave of thirty to the bottom of the channel (blue) and even beyond.
If wave b breaks Fibo 0.618 completely, then we expect wave b to move to the beginning of wave a, ie Fibo 1.00 or maximum Fibo 1.27, and then wave c will start.
If Fibo 1.00 is broken, the scenario will change.
If the last floor, the beginning of wave 1, is broken, this analysis is 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!❤️
If the price returns from Fibonacci 0.618, this downward trend will continue to form a wave of thirty to the bottom of the channel (blue) and even beyond.
If wave b breaks Fibo 0.618 completely, then we expect wave b to move to the beginning of wave a, ie Fibo 1.00 or maximum Fibo 1.27, and then wave c will start.
If Fibo 1.00 is broken, the scenario will change.
If the last floor, the beginning of wave 1, is broken, this analysis is 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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