Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms wave 1 and 2 and we are now inside wave 3.
From wave 3, the 1, 2, 3 and 4 microwaves were completed and, as we said before, an ascent was formed for wave 5.
We think this wave forms its three microwaves and needs a correction and an ascent to complete.
If the correction moves beyond the bottom of the canal, the ascending phase has probably changed to descending, and it is necessary for the green dot to be broken to continue the ascent.
🙏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 wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms wave 1 and 2 and we are now inside wave 3.
From wave 3, the 1, 2, 3 and 4 microwaves were completed and, as we said before, an ascent was formed for wave 5.
We think this wave forms its three microwaves and needs a correction and an ascent to complete.
If the correction moves beyond the bottom of the canal, the ascending phase has probably changed to descending, and it is necessary for the green dot to be broken to continue the ascent.
🙏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!❤️