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.
Dollar Index In the previous analysis, we considered two possibilities: in the first probability, a direct ascent to 94,000 and in the second probability of a descent to the lower side of the triangle and then a resurgence.
The first possibility occurred and the ascent was done. This ascent is related to wave c of wave 1, which is formed as five waves, and we assume that from this ascent, five waves of waves 1, 2 and 3 are complete, and now we are inside the fourth wave, wave 4 as The flat is formed and its last wave returns to the previous wave a of 2, and we assume from this other ascent point to Fibo 1.618 for wave c .
(But if the resistance or the end of wave 1 of wave c is broken, the hope of climbing decreases)
🙏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!❤️
Dollar Index In the previous analysis, we considered two possibilities: in the first probability, a direct ascent to 94,000 and in the second probability of a descent to the lower side of the triangle and then a resurgence.
The first possibility occurred and the ascent was done. This ascent is related to wave c of wave 1, which is formed as five waves, and we assume that from this ascent, five waves of waves 1, 2 and 3 are complete, and now we are inside the fourth wave, wave 4 as The flat is formed and its last wave returns to the previous wave a of 2, and we assume from this other ascent point to Fibo 1.618 for wave c .
(But if the resistance or the end of wave 1 of wave c is broken, the hope of climbing decreases)
🙏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!❤️