DXY update
In the previous analysis, which was placed in the weekly time frame, we said that it seems that the upward trend of the dollar index continues.
In the 1-hour timeframe, it seems that an Elongated Flat pattern is forming and we are currently in wave C. This pattern shows that we are probably facing a triangle in the future and the correction of this indicator can be a triangle pattern.
After the completion of the pattern, at least 61.8% of the wave C can be expected to return.
https://www.tradingview.com/i/bXh3vWCK/
In the 1-hour timeframe, it seems that an Elongated Flat pattern is forming and we are currently in wave C. This pattern shows that we are probably facing a triangle in the future and the correction of this indicator can be a triangle pattern.
After the completion of the pattern, at least 61.8% of the wave C can be expected to return.
https://www.tradingview.com/i/bXh3vWCK/
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