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 the previous analysis, wave 1 was probably completed from wave c and the second wave, as we said, started.
Wave 2 is formed as a flat.
For now, we prefer not to count this wave.
From wave 2, wave a is probably over and now we are inside wave b . We think that wave b will start its ascent for wave c by hitting the bottom of the pink channel.
Of course, wave b is such that it forms the state of the prescribed three waves and moves close to the bottom of the channel, and in case of complete failure of the purple upward trend line, it can be said that wave c has started.
The target for wave c will be the minimum channel ceiling and the maximum up to Fibo 0.618 and finally Fibo 1.618 relative to wave a .
If the bottom of the pink canal is broken, the hope of climbing will decrease.
🙏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 the previous analysis, wave 1 was probably completed from wave c and the second wave, as we said, started.
Wave 2 is formed as a flat.
For now, we prefer not to count this wave.
From wave 2, wave a is probably over and now we are inside wave b . We think that wave b will start its ascent for wave c by hitting the bottom of the pink channel.
Of course, wave b is such that it forms the state of the prescribed three waves and moves close to the bottom of the channel, and in case of complete failure of the purple upward trend line, it can be said that wave c has started.
The target for wave c will be the minimum channel ceiling and the maximum up to Fibo 0.618 and finally Fibo 1.618 relative to wave a .
If the bottom of the pink canal is broken, the hope of climbing will decrease.
🙏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!❤️