DXY (Dollar Index) | The best points for correction♻️
Hello traders, The dollar index in 1 hour time, as I said in the previous analysis, probably started wave 5, but it can not be said that this uptrend is wave 5 or part of wave 5.
In this analysis, we considered the second probability and considered all the upward waves of the last 3 days as wave 1 of wave 5.
And now Wave 2, Wave 2 in the form of a channel in the form of 5 waves, has reached 0.618 around Fibo, and this shows that Wave 2 is probably a zigzag.
In wave 2, wave A is forming and will probably return to 0.618 after colliding with Fibo, but according to the flag pattern in the 1-hour timeframe, it can move to the bottom of the channel, which is around Fibo 0.78, and from its ascent area to the midline. Start the channel.
Note: If the channel (blue) is broken, care must be taken because it greatly increases the possibility of the end of wave 5.
🙏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 this analysis, we considered the second probability and considered all the upward waves of the last 3 days as wave 1 of wave 5.
And now Wave 2, Wave 2 in the form of a channel in the form of 5 waves, has reached 0.618 around Fibo, and this shows that Wave 2 is probably a zigzag.
In wave 2, wave A is forming and will probably return to 0.618 after colliding with Fibo, but according to the flag pattern in the 1-hour timeframe, it can move to the bottom of the channel, which is around Fibo 0.78, and from its ascent area to the midline. Start the channel.
Note: If the channel (blue) is broken, care must be taken because it greatly increases the possibility of the end of wave 5.
🙏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!❤️
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