DXY (Dollar Index) | A sensitive area for short-term directionđź’¸
Hello traders, In the 1-hour time frame, the dollar index returned after hitting the midline of the channel, but had little strength.
Given the specific price situation, there are currently two possibilities.
Probability 1: The price is currently forming wave B for its zigzag pattern
Second possibility: the price is forming wave 1 to climb to the specified area.
According to the current situation, if the price goes lower than the middle line of the channel, the downtrend will go to the specified areas, and if the price moves directly upwards, we are within wave 5 until the specified targets.
❤️Please, support this idea with a like and comment!❤️
Given the specific price situation, there are currently two possibilities.
Probability 1: The price is currently forming wave B for its zigzag pattern
Second possibility: the price is forming wave 1 to climb to the specified area.
According to the current situation, if the price goes lower than the middle line of the channel, the downtrend will go to the specified areas, and if the price moves directly upwards, we are within wave 5 until the specified targets.
❤️Please, support this idea with a like and comment!❤️