DXY (Dollar Index) | An important area to start the downtrend๐ฅ
Dollar Index in Daily Timeframe, In the dollar index, a wave c is formed in a larger time frame.
Wave c completes waves 1, 2, and 3, and we are now forming wave 4 or wave 5.
Wave 4 is formed as a flat and over a very long period of time. In our opinion, this flat is in its last wave, wave c.
In this analysis, we examined wave c in four hours, and it is not possible to say exactly whether this wave is complete or not.
In this analysis, I considered both probabilities. If wave c is over, wave 4 will be completed in larger times, and the last wave, wave 5, is already started.
We assume that wave 5 will continue up to the bottom of the orange canal, otherwise we will have another ascent to the canal ceiling.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
Wave c completes waves 1, 2, and 3, and we are now forming wave 4 or wave 5.
Wave 4 is formed as a flat and over a very long period of time. In our opinion, this flat is in its last wave, wave c.
In this analysis, we examined wave c in four hours, and it is not possible to say exactly whether this wave is complete or not.
In this analysis, I considered both probabilities. If wave c is over, wave 4 will be completed in larger times, and the last wave, wave 5, is already started.
We assume that wave 5 will continue up to the bottom of the orange canal, otherwise we will have another ascent to the canal ceiling.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ