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.
According to our studies, this sound wave that is formed is related to wave 5 of wave c of wave 2.
We assume that this wave 5 has reached its end point or it can start the decline for the 3 wave waves, which is the e-fibo 0.618 that we specified.
The first goal we have for these waves is to publish the middle line of the channel, then the bottom of the channel, and then more accurate targets.
And if Fibo 0.618 is broken, the probability of falling is greatly reduced.
🙏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!❤️
According to our studies, this sound wave that is formed is related to wave 5 of wave c of wave 2.
We assume that this wave 5 has reached its end point or it can start the decline for the 3 wave waves, which is the e-fibo 0.618 that we specified.
The first goal we have for these waves is to publish the middle line of the channel, then the bottom of the channel, and then more accurate targets.
And if Fibo 0.618 is broken, the probability of falling is greatly reduced.
🙏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!❤️