Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag .
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a has formed its waves 1 and 2, but what is in doubt is wave 3.
The main wave 3 has completed its 1, 2, and 3 microwaves, and in the case of waves 4 and 5, we assume that wave 4 is triangular and wave 5 is not yet formed.
We think this uptrend for wave 5 will start after a short decline.
🙏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!❤️
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag .
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a has formed its waves 1 and 2, but what is in doubt is wave 3.
The main wave 3 has completed its 1, 2, and 3 microwaves, and in the case of waves 4 and 5, we assume that wave 4 is triangular and wave 5 is not yet formed.
We think this uptrend for wave 5 will start after a short decline.
🙏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!❤️