DXY (Dollar Index)|The direction of the dollar index🏹
Hello traders, Dollar Index in Daily Timeframe , In daily time, an uptrend has ended and now we are inside the correction waves, and in this correction wave, wave (a) is over and is forming wave (b), and there are two possibilities for wave b.
Wave b can be triangular or flat
Felt: If it is flat, it is better for wave c to move from wave b at least to the end of wave a from wave b, but the main wave b could not correct even 0.38% of the main wave a, and this could increase the possibility of the dollar index rising Increase.
Triangle: If it is a triangle, it should move from the same price point to the bottom green line, and this triangle is confirmed when the Fibonacci zone of 0.618 is broken.
🙏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!❤️
Wave b can be triangular or flat
Felt: If it is flat, it is better for wave c to move from wave b at least to the end of wave a from wave b, but the main wave b could not correct even 0.38% of the main wave a, and this could increase the possibility of the dollar index rising Increase.
Triangle: If it is a triangle, it should move from the same price point to the bottom green line, and this triangle is confirmed when the Fibonacci zone of 0.618 is broken.
🙏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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