Hello traders, Dollar Index in 1 Hour Timeframe, this analysis has been prepared in 1 hour time frame but has been published for a better view in 2 hour time frame.
Wave 4 moved beyond the channel I had specified, and the validity of this wave was somewhat diminished, and wave 4 moved to Fibo 0.50, and then showed a downward trend in that area.
If the direction of the 5 wave decreases after breaking the channel, it will move to the Fibo range of 0.50 or 0.618.
If the price crosses the warning sign, this analysis will be fielded.
🙏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!❤️
Wave 4 moved beyond the channel I had specified, and the validity of this wave was somewhat diminished, and wave 4 moved to Fibo 0.50, and then showed a downward trend in that area.
If the direction of the 5 wave decreases after breaking the channel, it will move to the Fibo range of 0.50 or 0.618.
If the price crosses the warning sign, this analysis will be fielded.
🙏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!❤️