Hello traders, Dollar Index in 1 Hour Timeframe, this analysis is prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
In the dollar index, wave c of wave 4 is still forming.
In these waves, waves 1 and 2 are complete and it seems that the price is forming microwaves of wave 3.
If the price of Fibo breaks the yellow 0.618 completely, in this case there is still a possibility of falling to the bottom of the channel of the Fibo area of 1.618 and then wave 4 will start in the specified area and in case of failure of the Fibo 0.50 and the channel ceiling. This analysis loses some of its credibility.
If the floor of the channel is broken, wave 3 will be of the extended type.
🙏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 the dollar index, wave c of wave 4 is still forming.
In these waves, waves 1 and 2 are complete and it seems that the price is forming microwaves of wave 3.
If the price of Fibo breaks the yellow 0.618 completely, in this case there is still a possibility of falling to the bottom of the channel of the Fibo area of 1.618 and then wave 4 will start in the specified area and in case of failure of the Fibo 0.50 and the channel ceiling. This analysis loses some of its credibility.
If the floor of the channel is broken, wave 3 will be of the extended type.
🙏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!❤️