DXY (Dollar Index) | Small correction♻️
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!❤️
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