DXY (Dollar Index) | Small correction to form a wave 4♻️
Hello traders, Dollar Index in 1 Hour Timeframe This analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
The dollar index is still forming wave 3 microwaves.
The first probability that the price will move to the bottom of the pink channel after breaking Fibo 0.618 (Fibo 1.618 for wave 3 and Fibo 1.27 for wave C) and the price of 91.784 if this area breaks, the price will probably fall to Fibo 2. There is .00 and in case of failure of the black channel, wave 3 will be of the extended type.
The second possibility I have is that the price will move to 0.38 after breaking the Fibo 0.618 to form the Fibo 0.38.
In case of complete failure of the channel roof, the upward trend will be completely.
🙏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 is still forming wave 3 microwaves.
The first probability that the price will move to the bottom of the pink channel after breaking Fibo 0.618 (Fibo 1.618 for wave 3 and Fibo 1.27 for wave C) and the price of 91.784 if this area breaks, the price will probably fall to Fibo 2. There is .00 and in case of failure of the black channel, wave 3 will be of the extended type.
The second possibility I have is that the price will move to 0.38 after breaking the Fibo 0.618 to form the Fibo 0.38.
In case of complete failure of the channel roof, the upward trend will be completely.
🙏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!❤️