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.
The situation with the dollar index is still unclear.
But we assume that the fifth wave is from wave c and with these waves, wave b is completed and the downward trend for wave c is formed in the form of five waves.
Of these five waves, wave 1 is being formed.
Micro-waves 1 and 2 of 1 are certainly over, and now we think that wave 2 will hit the ceiling of the blue channel, we will have a climb to the floor in the form of wave 4, and then re-descend for wave 5.
It should be said that If the ceiling of the descending channel is broken, the price will rise to around 94,200, which is probably related to wave 2, but it could be the fifth wave of wave b, which we will examine along with the trend.
🙏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!❤️
The situation with the dollar index is still unclear.
But we assume that the fifth wave is from wave c and with these waves, wave b is completed and the downward trend for wave c is formed in the form of five waves.
Of these five waves, wave 1 is being formed.
Micro-waves 1 and 2 of 1 are certainly over, and now we think that wave 2 will hit the ceiling of the blue channel, we will have a climb to the floor in the form of wave 4, and then re-descend for wave 5.
It should be said that If the ceiling of the descending channel is broken, the price will rise to around 94,200, which is probably related to wave 2, but it could be the fifth wave of wave b, which we will examine along with the trend.
🙏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!❤️