Hello traders, The dollar index in the 4-hour time frame, this analysis was prepared in 4-hour timeframe, but has been published for a better view in 8-hour timeframe.
as I said in the previous analysis, changes completely if the scenario channel is broken, and in this analysis I examined the new scenario.
In the new scenario, waves 1, 2 and 3 are completely over and now we are in wave 4.
According to the angle pattern formed, the new wave will descend at least to the previous floor (Fibonacci zone 0.23).
If the downtrend is strong, the 0.38 area should also be considered for the next target.
🙏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 I said in the previous analysis, changes completely if the scenario channel is broken, and in this analysis I examined the new scenario.
In the new scenario, waves 1, 2 and 3 are completely over and now we are in wave 4.
According to the angle pattern formed, the new wave will descend at least to the previous floor (Fibonacci zone 0.23).
If the downtrend is strong, the 0.38 area should also be considered for the next target.
🙏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!❤️