DXY (Dollar Index) | Small correction♻️
Hello traders, The dollar index has been released in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
In previous analyzes, I said that this wave-C is from wave 4.
And now we are inside the C wave, the C wave is probably completing its waves 1 and 2 and wave 3 is forming, which has reached close to Fibonacci 1.618 and after reacting to the pink channel and forming a microwave, wave 3 will complete itself and Then start wave 4 correction.
If Fibo 1.618 breaks completely, in this case, wave 3 is a wave extending and breaking the bottom of the channel.
If the price reacts to the channel ceiling, wave 4 is completed and wave 5 begins.
In case of complete failure of Fibo 0.50, this analysis 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!❤️
In previous analyzes, I said that this wave-C is from wave 4.
And now we are inside the C wave, the C wave is probably completing its waves 1 and 2 and wave 3 is forming, which has reached close to Fibonacci 1.618 and after reacting to the pink channel and forming a microwave, wave 3 will complete itself and Then start wave 4 correction.
If Fibo 1.618 breaks completely, in this case, wave 3 is a wave extending and breaking the bottom of the channel.
If the price reacts to the channel ceiling, wave 4 is completed and wave 5 begins.
In case of complete failure of Fibo 0.50, this analysis 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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