DXY (Dollar Index) | The best area to fall ๐
Hello traders, The dollar index in the 1-hour timeframe was forming in the previous analysis of wave a and was completed in 5 waves, and wave 2 is probably zigzag.
If the price returns from Fibonacci 0.618, this downward trend will continue to form a wave of thirty to the bottom of the channel (blue) and even beyond.
If wave b breaks Fibo 0.618 completely, then we expect wave b to move to the beginning of wave a, ie Fibo 1.00 or maximum Fibo 1.27, and then wave c will start.
If Fibo 1.00 is broken, the scenario will change.
If the last floor, the beginning of wave 1, is broken, this analysis is fielded.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
If the price returns from Fibonacci 0.618, this downward trend will continue to form a wave of thirty to the bottom of the channel (blue) and even beyond.
If wave b breaks Fibo 0.618 completely, then we expect wave b to move to the beginning of wave a, ie Fibo 1.00 or maximum Fibo 1.27, and then wave c will start.
If Fibo 1.00 is broken, the scenario will change.
If the last floor, the beginning of wave 1, is broken, this analysis is fielded.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
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