DXY (Dollar Index) | The best spot to fall📍
Hello traders, Dollar Index in Daily Timeframe, this analysis is prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The dollar index is in its own wave c and we are now in its 4th wave.
If the price breaks the pink channel floor and then breaks the Fibo 0.618, in this case, the possibility of the dollar index rising will be filled and we will expect the price to fall further.
If the price rises from this area, the price will move at least to 0.38 after breaking the blue trend line, and if this area breaks, it can move to the next targets, but should not cross the end of wave 1.
🙏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!❤️
The dollar index is in its own wave c and we are now in its 4th wave.
If the price breaks the pink channel floor and then breaks the Fibo 0.618, in this case, the possibility of the dollar index rising will be filled and we will expect the price to fall further.
If the price rises from this area, the price will move at least to 0.38 after breaking the blue trend line, and if this area breaks, it can move to the next targets, but should not cross the end of wave 1.
🙏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!❤️
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