DXY (Dollar Index) | The best spot to fallđź“Ť
Hello traders, Dollar Index in Daily Timeframe , this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the analysis of the dollar index in the weekly time frame, we said that the price is forming wave C from wave 4.
And in this analysis, we examine the C wave in the daily time frame, as you can see in the chart, the C wave completes its waves 1, 2 and 3 and is now inside its 4th wave.
Wave 4 is formed in the form of a flat, wave C, according to the previous analysis, breaks its trend line and moves towards Fibo 0.38 to complete Wave 4.
This analysis is fielded if the price crosses the warning sign.
🙏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 the analysis of the dollar index in the weekly time frame, we said that the price is forming wave C from wave 4.
And in this analysis, we examine the C wave in the daily time frame, as you can see in the chart, the C wave completes its waves 1, 2 and 3 and is now inside its 4th wave.
Wave 4 is formed in the form of a flat, wave C, according to the previous analysis, breaks its trend line and moves towards Fibo 0.38 to complete Wave 4.
This analysis is fielded if the price crosses the warning sign.
🙏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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