DXY (Dollar Index) | The best area to start the uptrendđź’¸
Hello traders, Dollar Index In the 1 hour time frame, the dollar index is forming a c-wave of 4 waves.
Wave c completes waves 1, 2, 3, and 4, and wave 5 will move to wave a in the first stage if it breaks its bottom trend line, and will move to Fibo 1.27 if it crosses that range.
But if the price of the upper line of the channel is broken, it means the end of wave 5 and wave c, the first goal of which is the end of wave 1 and wave 4, and if this area is crossed, it will reach the next blue line.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Wave c completes waves 1, 2, 3, and 4, and wave 5 will move to wave a in the first stage if it breaks its bottom trend line, and will move to Fibo 1.27 if it crosses that range.
But if the price of the upper line of the channel is broken, it means the end of wave 5 and wave c, the first goal of which is the end of wave 1 and wave 4, and if this area is crossed, it will reach the next blue line.
🙏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!❤️