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.
In the previous two analyzes we mentioned that wave 5 of wave c of wave x may not have formed.
However, in the previous analysis, we rejected this issue, but still showed that we would expect a not so long ascent. This happened, but not in the form of wave 2, but in the form of wave 5 of wave c .
The dollar index is in an area that, if the downtrend does not occur, the whole scenario will be fielded.
And the probability we are considering now is the formation of wave 5 of wave c in the form of a leading triangle, and from this point we see a drop that could break the 93,000 support range.
Of course, it should be said that wave 5 in Fibo 0.618, if it moves inside the triangle, it can continue to climb and then start falling.
Our Fibo 0.88 field point is broken and this will be the last hope to confirm this scenario.
🙏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 previous two analyzes we mentioned that wave 5 of wave c of wave x may not have formed.
However, in the previous analysis, we rejected this issue, but still showed that we would expect a not so long ascent. This happened, but not in the form of wave 2, but in the form of wave 5 of wave c .
The dollar index is in an area that, if the downtrend does not occur, the whole scenario will be fielded.
And the probability we are considering now is the formation of wave 5 of wave c in the form of a leading triangle, and from this point we see a drop that could break the 93,000 support range.
Of course, it should be said that wave 5 in Fibo 0.618, if it moves inside the triangle, it can continue to climb and then start falling.
Our Fibo 0.88 field point is broken and this will be the last hope to confirm this scenario.
🙏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!❤️