Hello traders, The dollar index in the 1-hour timeframe, based on previous analysis, may have formed wave 4 within a correction triangle.
In area 92.732 we have a harmonic resistance which is the best point to reverse the trend and if this area is broken, the price will rise to the last ceiling.
If the purple rectangular floor is broken, the first price target is 92,500 and the next target is 92,400, but it is not clear whether it will reach the blue canal floor or not.
If the water channel floor is broken, the scenario changes.
🙏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 area 92.732 we have a harmonic resistance which is the best point to reverse the trend and if this area is broken, the price will rise to the last ceiling.
If the purple rectangular floor is broken, the first price target is 92,500 and the next target is 92,400, but it is not clear whether it will reach the blue canal floor or not.
If the water channel floor is broken, the scenario changes.
🙏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!❤️