Outlook for DXY on 1D chart.
I think the sub-waves of waveⅱ will likely form a Double Zigzag WXY pattern.
If this scenario is correct, we are in the sub-wave Y of waveⅱ. Waveⅱ may retrace to the Fibo level of 61.8 to 78.6% of wave ⅰ, shown by the red area.
After that, it will resume its downtrend.
Last time my idea.
■Jan 28, 2024. Short-term analysis.
I think the sub-waves of waveⅱ will likely form a Double Zigzag WXY pattern.
If this scenario is correct, we are in the sub-wave Y of waveⅱ. Waveⅱ may retrace to the Fibo level of 61.8 to 78.6% of wave ⅰ, shown by the red area.
After that, it will resume its downtrend.
Last time my idea.
■Jan 28, 2024. Short-term analysis.
