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.
As we said in the previous analysis, the dollar index is forming a wave 4 in higher times,
Wave four will probably be a double zigzag whose wave w is over and we are now forming wave x.
Wave x is a zigzag from which wave a is complete and wave b is probably over.
In the previous analysis, we said that if the price breaks the Chinese line downwards, the hope of climbing will decrease and the downward trend will continue until the very low targets.
But this dashed line was not broken and the wave b ended in a flat shape and now we will wait for the ascent and formation of wave c from wave x.
🙏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!❤️
As we said in the previous analysis, the dollar index is forming a wave 4 in higher times,
Wave four will probably be a double zigzag whose wave w is over and we are now forming wave x.
Wave x is a zigzag from which wave a is complete and wave b is probably over.
In the previous analysis, we said that if the price breaks the Chinese line downwards, the hope of climbing will decrease and the downward trend will continue until the very low targets.
But this dashed line was not broken and the wave b ended in a flat shape and now we will wait for the ascent and formation of wave c from wave x.
🙏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!❤️