DXY (Dollar Index) | The best area to fallš„
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
Both of the previous analyzes we published in the four-hour time, one of these probabilities was that wave c of wave b of wave 4 did not end at higher times and wave c would be forming its fourth wave. And then climb up to form wave 5.
And the next possibility was that wave b of the four is completed and wave 1 of wave c is forming and we will have an ascent correction in the form of wave 2 for wave 1.
This climb happened but it has become very deep in terms of price.
For this reason, considering the wave 1 that we had in mind and its three-wave mode, we doubted the nature of this scenario and assumed that it would be wave 4.
And we considered the first scenario. This climb will probably continue and will happen to form a strong roof and prepare for the descent, but if it can not break the previous ceiling, the second scenario will not lose its validity and also a fast and strong descent Arises.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø
Both of the previous analyzes we published in the four-hour time, one of these probabilities was that wave c of wave b of wave 4 did not end at higher times and wave c would be forming its fourth wave. And then climb up to form wave 5.
And the next possibility was that wave b of the four is completed and wave 1 of wave c is forming and we will have an ascent correction in the form of wave 2 for wave 1.
This climb happened but it has become very deep in terms of price.
For this reason, considering the wave 1 that we had in mind and its three-wave mode, we doubted the nature of this scenario and assumed that it would be wave 4.
And we considered the first scenario. This climb will probably continue and will happen to form a strong roof and prepare for the descent, but if it can not break the previous ceiling, the second scenario will not lose its validity and also a fast and strong descent Arises.
šIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsš
ā¤ļøPlease, support this idea with a like and comment!ā¤ļø