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.
In the dollar index, the wave x is still completing.
In wave x we had a zigzag that creates wave c, wave c has completed its 1,2 waves completely, and now wave 3 has its last microwave, wave 5, formed on the ceiling of the channel in question. .
In this range, we will expect correction for wave 4 of wave c , and due to the deepening of wave 2, we will have shallow and maybe long waves.
Wave x corrects the wave w more than usual and we still think that Fibo 0.88 will be the last area for price rotation and wave formation y.
If you move beyond this Fibonacci, this scenario 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!❤️
In the dollar index, the wave x is still completing.
In wave x we had a zigzag that creates wave c, wave c has completed its 1,2 waves completely, and now wave 3 has its last microwave, wave 5, formed on the ceiling of the channel in question. .
In this range, we will expect correction for wave 4 of wave c , and due to the deepening of wave 2, we will have shallow and maybe long waves.
Wave x corrects the wave w more than usual and we still think that Fibo 0.88 will be the last area for price rotation and wave formation y.
If you move beyond this Fibonacci, this scenario 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!❤️