Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
We are still inside wave x and we are forming wave c of zigzag and based on the previous analysis, wave 3 is formed on the roof of the channel and now we have to wait for wave 4.
As we said, Wave 4, due to the deepening of Wave 2, will probably make a shallow correction, and after completing it at 0.38 Fibo, and perhaps the larger Fibo, will prepare itself for Wave 5.
The warning sign is located at the point where most of the waves have rotated and ended. We think that if this range is broken, the probability of climbing for wave 5 is greatly reduced.
🙏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!❤️
We are still inside wave x and we are forming wave c of zigzag and based on the previous analysis, wave 3 is formed on the roof of the channel and now we have to wait for wave 4.
As we said, Wave 4, due to the deepening of Wave 2, will probably make a shallow correction, and after completing it at 0.38 Fibo, and perhaps the larger Fibo, will prepare itself for Wave 5.
The warning sign is located at the point where most of the waves have rotated and ended. We think that if this range is broken, the probability of climbing for wave 5 is greatly reduced.
🙏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!❤️