Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index continued to fluctuate around wave a around the Fibonacci zone 1.27.
We still consider the first probability for the index to be the formation of wave 4, and we will consider this probability until the Fibonacci wave breaks 2.618 wave c from wave b to wave -a- in one hour.
In this probability, wave b is almost over and wave c of wave 4 will be formed into five waves, and this wave will probably drop to 1.27 in proportion to wave b.
It should be said that if the previous roof is completely broken and also the roof of the pink dot channel is broken, we should consider the next scenario.
🙏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 dollar index continued to fluctuate around wave a around the Fibonacci zone 1.27.
We still consider the first probability for the index to be the formation of wave 4, and we will consider this probability until the Fibonacci wave breaks 2.618 wave c from wave b to wave -a- in one hour.
In this probability, wave b is almost over and wave c of wave 4 will be formed into five waves, and this wave will probably drop to 1.27 in proportion to wave b.
It should be said that if the previous roof is completely broken and also the roof of the pink dot channel is broken, we should consider the next scenario.
🙏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!❤️