#DXY

#dollar_index
#Update
According to the previous analysis, the second scenario that was mentioned can be completed in the area of 107 to 109 movement units...
But according to the structure, I found it necessary to do this update, because according to the type of movement behavior, we should see a movement towards the ceiling.
1- This movement wave can at least return 100% of the wave, which is the red box range.
2- If a failure occurs, the 1.272 and 1.618 targets will be activated.
Therefore, the post will be updated up to 100% if necessary.
3- This upward movement will form the big B wave, which will then have to wait for the big C, which will have a sharp break and acceleration. Therefore, this wave should be a triple wave.
4-According to the analysis of #gold, (HERE)there is a big super cycle in gold for the next step of its growth, which we should probably witness big changes.

Comment:

The reverse head and shoulder pattern can be seen in time d1, which is pulling back with the failure of the trigger, and by completing it and confirming its return to the fragmented area, which is the previous supply area, it is possible to see a reverse trend on crypto markets, as well as currency pairs and gold. be a witness So keep in mind that we should probably see a reversal in the financial markets over the next several days.

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Comment:

After the failure of the trigger and the creation of the head and shoulders pattern, on the contrary, an Elliott triangle pattern has been formed in time H1, which will have the ability to grow up to 105 units with the support of 103 units. Therefore, we should probably see a correction in the financial markets, especially crypto and gold.

Comment:

According to the analysis, after the lag, the correction was removed from the concentration and of course it caused the correction of Bitcoin as well, which I warned before.

Comment:

According to the movement path, after breaking into the demand zone, it encountered support and broke the supply zone.

Comment:

At time 8h, it is moving in an ascending channel, which can go up to the resistance zone and the ceiling of the channel by exiting the density, and in case of a negative reaction, it can be corrected up to the range of 105 units. Therefore, this move can put pressure on crypto financial markets and currency pairs that have an inverse relationship with the dollar index.