๐โโ๏ธThe DXY index has been moving in a Descending channel for a month.
๐According to Elliott's theory, it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the ๐ขSupport zone($103.78_$102.93)๐ข.
๐กAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
๐กI expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken (the middle line has already played the role of support and resistance).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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๐According to Elliott's theory, it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the ๐ขSupport zone($103.78_$102.93)๐ข.
๐กAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
๐กI expect the DXY index to move towards the upper line of the descending channel and in the first step, we have to wait for the middle line of the descending channel to be broken (the middle line has already played the role of support and resistance).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืขืกืงื ืคืขืืื
ืืขืจื:
Running well, we have to wait to react to the upper line of the Descending channel.
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
ืืขืจื:
If the DXY can break the Upper line of the descending channel, we can expect the DXY to rise to the resistance zone.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
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