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.
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
🙏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!❤️
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
🙏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!❤️