DXY (Dollar Index)| Determining the direction of the trend๐น
Hello traders, The dollar index in the 1-hour timeframe was announced in the previous analysis of the beginning of wave 5, if we examine the microwaves of this wave, we will see that wave 1 is over and wave 2 is forming, and after the end of this wave, Wave 3 moves to the specified targets and then waves 4 and 5 are formed.
According to some previous analyzes and previous channeling, we had announced the end of wave 3 and with the beginning of wave 4. Given the recent waves of not having a strong decline, we have to change the scenario, and also considering the cup pattern that I specified in the analysis last week, it is possible that this is a cup handle movement.
If the trend line breaks, we return to the previous scenario, to make sure that the price trend is ascending, it is necessary to cross the last ceiling, and to ensure the downward price, it is necessary to break the floor.
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
According to some previous analyzes and previous channeling, we had announced the end of wave 3 and with the beginning of wave 4. Given the recent waves of not having a strong decline, we have to change the scenario, and also considering the cup pattern that I specified in the analysis last week, it is possible that this is a cup handle movement.
If the trend line breaks, we return to the previous scenario, to make sure that the price trend is ascending, it is necessary to cross the last ceiling, and to ensure the downward price, it is necessary to break the floor.
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