DXY (Dollar Index) |The last ascent🚧
Hello traders, Dollar Index in 1 Hour Timeframe As I said in the previous analysis, the dollar index is moving within a leading triangle.
This triangle completed wave 4 yesterday and now we are inside wave 5.
The purpose of channeling is just to isolate the price.
Wave 5 will move towards the midline in the first stage and will move towards Fibo 0.618 if the midline breaks, and if the slope of the trend line does not decrease, it can reach the next target (in the next analysis, we will say in How this leading triangle form is fully validated).
This analysis is fielded if the bottom of the triangle (warning sign) is completely broken.
🙏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!❤️
This triangle completed wave 4 yesterday and now we are inside wave 5.
The purpose of channeling is just to isolate the price.
Wave 5 will move towards the midline in the first stage and will move towards Fibo 0.618 if the midline breaks, and if the slope of the trend line does not decrease, it can reach the next target (in the next analysis, we will say in How this leading triangle form is fully validated).
This analysis is fielded if the bottom of the triangle (warning sign) is completely broken.
🙏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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