DXY (Dollar Index) | The best place to returnð
Hello traders, The dollar index in the 1 hour time frame, as you can see in the chart, wave 4 is formed as a flat and wave b is higher than the beginning of wave a, so we should consider it a flat or irregular flat.
But it is not of the flat type because wave c has corrected more than 61.8% of wave b, so we have to wait for the irregular flat, in which case it must move at least to the end of wave a.
But the overall goal can be the next ascent of an ascent to form wave 5 or wave D of the triangle, in which case the red trend line can not be broken.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
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But it is not of the flat type because wave c has corrected more than 61.8% of wave b, so we have to wait for the irregular flat, in which case it must move at least to the end of wave a.
But the overall goal can be the next ascent of an ascent to form wave 5 or wave D of the triangle, in which case the red trend line can not be broken.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ