DXY (Dollar Index) | The best area for correction♻️
Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
The dollar index is still within the pattern of the leading triangle.
This triangle probably consists of complete waves 1, 2, and 3, and waves 4 and 5 are obscure.
The structure now being formed resembles a correction triangle pattern for wave 4 inside its wave c , and we expect wave e and d to end within the leading triangle pattern.
If the lower side of the downward triangle is broken, the correction pattern in the form of a triangle will be confirmed and we will have a drop to 93,200 for the fifth wave.
And if the upper side of the upward correction triangle pattern is broken, we will climb from the same range to around 94,200 and even more.
🙏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!❤️
The dollar index is still within the pattern of the leading triangle.
This triangle probably consists of complete waves 1, 2, and 3, and waves 4 and 5 are obscure.
The structure now being formed resembles a correction triangle pattern for wave 4 inside its wave c , and we expect wave e and d to end within the leading triangle pattern.
If the lower side of the downward triangle is broken, the correction pattern in the form of a triangle will be confirmed and we will have a drop to 93,200 for the fifth wave.
And if the upper side of the upward correction triangle pattern is broken, we will climb from the same range to around 94,200 and even more.
🙏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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