🏃♂️The DXY index has been moving in the Descending Channel for over two months.
🌊According to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame, we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
🔔I expect the DXY Index to start rising after touching the 🟢Support zone($101.30-$100.80)🟢, Support lines, and 🟡Price Reversal Zone(PRZ)🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵GAP🔵 and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊According to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame, we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys.
🔔I expect the DXY Index to start rising after touching the 🟢Support zone($101.30-$100.80)🟢, Support lines, and 🟡Price Reversal Zone(PRZ)🟡 and complete the main wave 5. The increase of the DXY index can fill the upper 🔵GAP🔵 and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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