Hello traders, Dollar Index in Daily Timeframe, this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis 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!❤️
As I said in the previous analysis, the dollar index is completing wave (c).
In wave (c) waves 1, 2 and 3 are complete and now we are in wave 4, wave 4 is probably a flat and for this wave 3 I considered Fibonacci price targets of 0.38, 0.50 and 0.618, which if any of these are broken. Fibos can move to the next Fibo.
In this analysis, wave 5 is determined based on the Fibo price target of 0.38 for wave 4, and if this Fibonacci is broken, the price target for wave 5 will also change.
If the price crosses the warning sign (end of wave 1), this analysis 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!❤️