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.
Wave 4 moved beyond the channel I had specified, and the validity of this wave was somewhat diminished, and wave 4 moved to Fibo 0.50, and then showed a downward trend in that area.
If the direction of the 5 wave decreases after breaking the channel, it will move to the Fibo range of 0.50 or 0.618.
If the price crosses the warning sign, this analysis will be fielded.
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 4 moved beyond the channel I had specified, and the validity of this wave was somewhat diminished, and wave 4 moved to Fibo 0.50, and then showed a downward trend in that area.
If the direction of the 5 wave decreases after breaking the channel, it will move to the Fibo range of 0.50 or 0.618.
If the price crosses the warning sign, this analysis will be fielded.
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