ðââïļThe DXY index has been moving in the Descending Channel for over two months.
ðAccording to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
ðIf we want to look at the microwaves of the main wave 5 in the 1-hour time frame, we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5.
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
ðI expect the DXY Index to start rising after touching the ðĒSupport zone($101.30-$100.80)ðĒ, Support lines, and ðĄPrice Reversal Zone(PRZ)ðĄ and complete the main wave 5. The increase of the DXY index can fill the upper ðĩGAPðĩ and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðAccording to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
ðIf we want to look at the microwaves of the main wave 5 in the 1-hour time frame, we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5.
ðĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
ðI expect the DXY Index to start rising after touching the ðĒSupport zone($101.30-$100.80)ðĒ, Support lines, and ðĄPrice Reversal Zone(PRZ)ðĄ and complete the main wave 5. The increase of the DXY index can fill the upper ðĩGAPðĩ and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameâ°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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