DXY (Dollar Index)|The direction of the dollar index 📍
Hello traders, Dollar index in time frame 1 hour, considering yesterday's climb, now we expect a neutral and side movement.
It certainly can not be neutral and suffering, but it is better to be in the form of suffering, because according to the cup pattern of the dollar index , the possibility of side and neutral state is much higher.
It should also be noted that this is not wave B, because then wave C is likely to move to the yellow zone, if the price breaks the channel floor sharply, the upward trend of the trend will be completely fielded.
But if the price moves neutrally and sideways and goes out of the channel, the uptrend is still stable but less likely.
If we consider the waves that are isolated within the orange lines of one of the microwaves of the main wave 5, we see that a drop triangle has formed that now needs to be corrected or rested.
Or all of these diagonal triangles can be wave 5 because you have to understand this and examine the behavior of the trend and the channel.
🙏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!❤️
It certainly can not be neutral and suffering, but it is better to be in the form of suffering, because according to the cup pattern of the dollar index , the possibility of side and neutral state is much higher.
It should also be noted that this is not wave B, because then wave C is likely to move to the yellow zone, if the price breaks the channel floor sharply, the upward trend of the trend will be completely fielded.
But if the price moves neutrally and sideways and goes out of the channel, the uptrend is still stable but less likely.
If we consider the waves that are isolated within the orange lines of one of the microwaves of the main wave 5, we see that a drop triangle has formed that now needs to be corrected or rested.
Or all of these diagonal triangles can be wave 5 because you have to understand this and examine the behavior of the trend and the channel.
🙏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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