DXY (Dollar Index) | The best scenario for the fall
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
In this analysis, we looked at the possibility of having another climb to the daily channel ceiling of 94,000.
As we said in the daily time, wave c may not be complete, and we brought this possibility in this time.
As you can see in the chart, Wave 3 is formed as a very normal structure, but beyond the usual fibos, and now Wave 4 is being formed. Wave 4 will probably be double zigzagged, and this structure and deep correction will be formed because of Wave 3, which is very large. .
We examine the process in more detail:
The wave x is made up of 4 and the target we are currently considering is Fibo 0.88 and I think the wave y will start from this current point or Fibo 0.88.
If the climb continues above Fibonacci 0.88, the expectation of a decline will be greatly reduced
And if the descent to the specified point, ie 91,500, is greater, this probability will be fielded.
🙏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!❤️
In this analysis, we looked at the possibility of having another climb to the daily channel ceiling of 94,000.
As we said in the daily time, wave c may not be complete, and we brought this possibility in this time.
As you can see in the chart, Wave 3 is formed as a very normal structure, but beyond the usual fibos, and now Wave 4 is being formed. Wave 4 will probably be double zigzagged, and this structure and deep correction will be formed because of Wave 3, which is very large. .
We examine the process in more detail:
The wave x is made up of 4 and the target we are currently considering is Fibo 0.88 and I think the wave y will start from this current point or Fibo 0.88.
If the climb continues above Fibonacci 0.88, the expectation of a decline will be greatly reduced
And if the descent to the specified point, ie 91,500, is greater, this probability will be fielded.
🙏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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