DXY (Dollar Index) | The best point to start the uptrend🏹
Hello traders, The dollar index in the weekly time frame, This analysis is prepared in weekly timeframe but is displayed for a better view in 2 week timeframe.
The range we have examined has an impulse state in which we are inside the fourth wave, and this second wave impulse forms itself as a relatively normal flat, and accordingly the fourth wave can be more complex than the second wave, which is probably the case.
Inside the wave, the four waves w and x are completed and now we are inside the wave y , the wave y completes its wave a and the wave b is in the range that can be declared the end of it. It is also possible to climb to 96,000.
We will examine the issue more in the daily time.
In general, we expect another downtrend, which is confirmed by the failure of the channel floor.
Another point is that wave 4 is likely to penetrate the range of wave 1.
🙏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 range we have examined has an impulse state in which we are inside the fourth wave, and this second wave impulse forms itself as a relatively normal flat, and accordingly the fourth wave can be more complex than the second wave, which is probably the case.
Inside the wave, the four waves w and x are completed and now we are inside the wave y , the wave y completes its wave a and the wave b is in the range that can be declared the end of it. It is also possible to climb to 96,000.
We will examine the issue more in the daily time.
In general, we expect another downtrend, which is confirmed by the failure of the channel floor.
Another point is that wave 4 is likely to penetrate the range of wave 1.
🙏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!❤️