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DXY Index is Ready to Fill GAP๐Ÿš€

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๐Ÿƒโ€โ™‚๏ธThe DXY index is moving in the Ascending Channel and seems to have broken the ๐Ÿ”ดHeavy Resistance zone($105.88-$104.65)๐Ÿ”ด, and is currently moving in a small Descending Channel and making a pullback to this zone.

๐ŸŒŠAccording to the theory of Elliott waves, it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside the descending channel.

๐Ÿ’กAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.

๐Ÿ””I expect the DXY index to Gp UP to at least the ๐Ÿ”ตGAP($106.613-$106.504)๐Ÿ”ตafter breaking the upper line of the descending channel.

โ—๏ธโš ๏ธNoteโš ๏ธโ—๏ธ: If the DXY index can break the lower line of the descending channel, we can expect the DXY index to drop more.

U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frameโฐ.

Do not forget to put Stop loss for your positions (For every position you want to open).

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Running Well

I expect the DXY index will touch and break the upper line of the descending channel.
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Sorry for delay update.

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