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.
Wave 4 of wave c Zizag wave x ended in Fibonacci 0.38 and now wave 5 is likely to form, wave 5 in Fibonacci 0.88 for wave x and Fibonacci 1.27 for wave c are expected to end, and Moving beyond that makes this scenario fragile.
Also, due to the small size of wave 4, we assume that this wave will continue and after the complete break of the midline of the channel, it will have another descent to the previous floor, ie the range of 93000, and then wave 5.
If the warning sign is broken, the hope of another climb for wave 5 decreases.
🙏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!❤️
Wave 4 of wave c Zizag wave x ended in Fibonacci 0.38 and now wave 5 is likely to form, wave 5 in Fibonacci 0.88 for wave x and Fibonacci 1.27 for wave c are expected to end, and Moving beyond that makes this scenario fragile.
Also, due to the small size of wave 4, we assume that this wave will continue and after the complete break of the midline of the channel, it will have another descent to the previous floor, ie the range of 93000, and then wave 5.
If the warning sign is broken, the hope of another climb for wave 5 decreases.
🙏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!❤️