Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we expected another ascent for wave 5 of wave c from the second wave, and this ascent occurred.
And now the dollar index is in sideways position.
Given that we considered wave-1 as a leading triangle, it is very difficult to identify, end this process and start the correction.
At the moment, we have considered the -2 wave as a flat, which I think is completely over, and now the third wave is forming, and we do not think that it will hit a ceiling higher than the previous ceiling, ie the price of 94,000.
If you move beyond this price, the structure for wave 2 will change to zigzag and the upward movement will continue to the green trend line or the size of the previous wave.
🙏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!❤️
According to the previous analysis, we expected another ascent for wave 5 of wave c from the second wave, and this ascent occurred.
And now the dollar index is in sideways position.
Given that we considered wave-1 as a leading triangle, it is very difficult to identify, end this process and start the correction.
At the moment, we have considered the -2 wave as a flat, which I think is completely over, and now the third wave is forming, and we do not think that it will hit a ceiling higher than the previous ceiling, ie the price of 94,000.
If you move beyond this price, the structure for wave 2 will change to zigzag and the upward movement will continue to the green trend line or the size of the previous wave.
🙏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!❤️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.