DXY | The best targets to fall and climb after today's news
Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms its waves 1 and 2, but what is in doubt is wave 3.
Wave 3 cannot be said to be over or still ongoing.
However, according to the channel related to this wave and the latest resistance to the floor of this channel, wave 3 is likely to continue and with the failure of the range, it is determined that the end of wave 3 is from wave 3 to form its fifth wave and around 97000 to 98000 This upward trend will continue
However, if the bottom of the orange canal is broken, I will consider the fourth wave to have started.
🙏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 wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain.
Wave 4 was originally intended as a flat, but wave c, which we identified in the count now, did not look like a leader, and we assumed it to be a triple zigzag.
So the count has changed to triangle and from this triangle the waves a, b and c are complete and now we are inside the wave d.
From wave d, wave a continues to form.
Wave a forms its waves 1 and 2, but what is in doubt is wave 3.
Wave 3 cannot be said to be over or still ongoing.
However, according to the channel related to this wave and the latest resistance to the floor of this channel, wave 3 is likely to continue and with the failure of the range, it is determined that the end of wave 3 is from wave 3 to form its fifth wave and around 97000 to 98000 This upward trend will continue
However, if the bottom of the orange canal is broken, I will consider the fourth wave to have started.
🙏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!❤️
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.