đșïžDXY Index Roadmapđșïž
đââïžThe DXY index has been moving in the Descending Channel for over two months.
đAccording to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
đIf 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.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đI expect the DXY Index to start rising after touching the đąSupport zone($101.30-$100.80)đą, Support lines, and đĄPrice Reversal Zone(PRZ)đĄ and complete the main wave 5. The increase of the DXY index can fill the upper đ”GAPđ” and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameâ°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đAccording to Elliott's wave theory, the DXY Index is near the end of the main wave 5.
đIf 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.
đĄAlso, we can see Regular Divergence(RD+) between two Consecutive Valleys.
đI expect the DXY Index to start rising after touching the đąSupport zone($101.30-$100.80)đą, Support lines, and đĄPrice Reversal Zone(PRZ)đĄ and complete the main wave 5. The increase of the DXY index can fill the upper đ”GAPđ” and attack the upper line of the descending channel.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frameâ°.
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 â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
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