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.
Examining the weekly time for this indicator, we came to the conclusion that we are in wave 4 of a leader.
This wave 4 can be counted in two ways:
In the first case, the waves are flat.
And in the second case, the count is in the form of a triangle.
Considering the main wave c in this analysis, which is not very similar to the five waves, we preferred to consider a scenario for the second case, the triangle.
From this triangle, wave d is being formed and from wave d, we assume that we are still inside wave a, which requires a maximum of 2 waves to complete this wave.
And then a relatively long sideways motion for wave b and finally a climb the size of wave a for wave c.
🙏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!❤️
Examining the weekly time for this indicator, we came to the conclusion that we are in wave 4 of a leader.
This wave 4 can be counted in two ways:
In the first case, the waves are flat.
And in the second case, the count is in the form of a triangle.
Considering the main wave c in this analysis, which is not very similar to the five waves, we preferred to consider a scenario for the second case, the triangle.
From this triangle, wave d is being formed and from wave d, we assume that we are still inside wave a, which requires a maximum of 2 waves to complete this wave.
And then a relatively long sideways motion for wave b and finally a climb the size of wave a for wave c.
🙏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!❤️