DXY (Dollar Index) | The best area to fallð
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 I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes.
Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4.
There are two possibilities:
First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5.
Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel.
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
As I said in the previous analysis, there is a leading downtrend for wave 5 at higher timeframes.
Now we are waiting for the completion of wave 1, in wave 1 waves 1, 2 and 3 are over and now we are inside wave 4.
There are two possibilities:
First possibility: wave 4 is completed at this point (channel ceiling) and the price moves to the bottom of the channel to form wave 5.
Second possibility: the ceiling of the channel will be broken and wave 4 will be formed outside the channel and wave 5 will be completed as a pullback to the channel.
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
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