DXY (USD INDEX) MONTHLY SHORTI think we have finished ABC correction and are now in the last part of the X wave.
after this X wave, I predict that the USD index will fall to the areas shown.
furthermore, we are in the upper area of channel down.
Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X wave have made a resistance area shown in red!
conclusion:
I believe USD have very bad days in front of its currency and we may hear bad news about the united states in the months coming.
wish the best for all people of the world.
God bless us
Fardintorkfar
THE BIG SHORT!!!Dowjones index has become so much ready to go down deeply!!!
this analysis is based on neowave theory.
Also we have RD- on MACD in weekly and daily timeframes!
I think from now till 25 feb 2021, we are making the last highs...
we are going to goooooo dooooown
SL and TP are shown.
I think we can reach there in one or two years...
this was the most challenging analysis for me, But I believe that this gonna happen!
manage risk and money carefully
sincerely yours