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!❤️