Hello traders, Dollar Index in Daily Timeframe , According to the previous analysis and the scenario we considered, the dollar index is inside the wave b which is formed as a flat.
And from this flat wave c is being formed.
Wave c is a wave that determines the target of wave b relative to wave a .
In this sense, wave c is on the Fibonacci 0.38 for wave b .
And it is expected to go down to the middle of the channel.
And this descent occurs if the canal roof is broken downwards.
In general, the index is in a position that can move in two directions.
And if Fibo breaks 0.38, the uptrend will continue.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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And from this flat wave c is being formed.
Wave c is a wave that determines the target of wave b relative to wave a .
In this sense, wave c is on the Fibonacci 0.38 for wave b .
And it is expected to go down to the middle of the channel.
And this descent occurs if the canal roof is broken downwards.
In general, the index is in a position that can move in two directions.
And if Fibo breaks 0.38, the uptrend will continue.
🙏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!❤️