DXY (Dollar Index) | Small correction♻️
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index was on a bullish trend on Friday
And of course, if you checked the one-hour analysis of the dollar index in our account on Friday, you will notice that we expected this move and the completion of the head and shoulders pattern, but not with this power.
Neckline and Shoulder have isolated this pattern in the form of a channel.
There was an upward movement towards the roof of this canal and it also showed a very strong reaction.
We assume that this ascent is part of the correction for wave 2 and that the descent will begin for wave 3.
The descent is confirmed if the midline of the channel is broken with a downward force and the descent will continue until the targets specified for wave c .
If the warning sign fails, this counter will be fielded.
🙏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!❤️
The dollar index was on a bullish trend on Friday
And of course, if you checked the one-hour analysis of the dollar index in our account on Friday, you will notice that we expected this move and the completion of the head and shoulders pattern, but not with this power.
Neckline and Shoulder have isolated this pattern in the form of a channel.
There was an upward movement towards the roof of this canal and it also showed a very strong reaction.
We assume that this ascent is part of the correction for wave 2 and that the descent will begin for wave 3.
The descent is confirmed if the midline of the channel is broken with a downward force and the descent will continue until the targets specified for wave c .
If the warning sign fails, this counter will be fielded.
🙏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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