๐โโ๏ธThe DXY Index is moving in a Descending Channel.
๐According to the theory of Elliott waves, it seems that the DXY Index is forming a Double Three Correction(WXY) inside the descending channel.
๐Currently, the DXY Index seems to have completed the microwave A of the main wave Y.
๐I expect microwave B from the main wave Y to fill the upper ๐ตGap๐ต and then descend to the areas I marked on the chart.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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