DXY (Dollar Index) | The decline of the dollar index🚧
Hello traders, Dollar Index In 1 hour time frame, dollar index chart based on Elliott and channels, it can be said that wave c is over from wave 4, and this means the end of wave 4.
And now wave 1 is forming from wave 5, but now we can not say that this wave is one of the subgroups of wave 5 or the microwaves of wave 5 itself.
With all this explanation, we expect a climb.
Wave 1 is complete from wave 5 and now we are inside wave 2 and wave 2 can be flat or zigzag , which will be flat if it comes back and hits the blue trend line again.
If the blue trend line is broken, this analysis is fielded and we can expect the price to fall to the end of wave a.
But if the orange rectangular roof is broken, wave 3 is zigzagged and can be expected to climb to the price of 92,550.
🙏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!❤️
And now wave 1 is forming from wave 5, but now we can not say that this wave is one of the subgroups of wave 5 or the microwaves of wave 5 itself.
With all this explanation, we expect a climb.
Wave 1 is complete from wave 5 and now we are inside wave 2 and wave 2 can be flat or zigzag , which will be flat if it comes back and hits the blue trend line again.
If the blue trend line is broken, this analysis is fielded and we can expect the price to fall to the end of wave a.
But if the orange rectangular roof is broken, wave 3 is zigzagged and can be expected to climb to the price of 92,550.
🙏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!❤️