DXY (Dollar Index) | The best area for price returns📍
Hello traders, Dollar Index in 1 Hour Timeframe, this analysis has been prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
As in the previous analysis, I said that the price in the form of wave 3 could reach Fibo 1.618 on its own, and we expected it to have a small correction before this move, but this correction was done at a lower price.
If the index does not continue this correction and its side motion is less for wave 3 microwaves, it indicates the strength of wave 3 and increases the possibility of breaking Fibo 1.618, in which case wave 3 is of the extended type.
If wave 3 microwaves have a small ascent after a side mode, it indicates the formation of wave 4 at the channel ceiling.
If the channel floor is broken, this analysis will be fielded.
If the bottom of the canal is broken, wave 3 is of the extended type.
🙏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!❤️
As in the previous analysis, I said that the price in the form of wave 3 could reach Fibo 1.618 on its own, and we expected it to have a small correction before this move, but this correction was done at a lower price.
If the index does not continue this correction and its side motion is less for wave 3 microwaves, it indicates the strength of wave 3 and increases the possibility of breaking Fibo 1.618, in which case wave 3 is of the extended type.
If wave 3 microwaves have a small ascent after a side mode, it indicates the formation of wave 4 at the channel ceiling.
If the channel floor is broken, this analysis will be fielded.
If the bottom of the canal is broken, wave 3 is of the extended type.
🙏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!❤️