two possible scenarios about DXY TVC:DXY
So there are these two scenarios about dollar index with "more" possibility
and I think for now it won't pass 93.900 to up .
what do you think ??
Dxyshort
DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, if the channel that we identified in the previous analysis failed, before the formation of the five waves, there is a possibility that this structure is a correction, the previous wave was formed in the form of three waves.
We assume that the descending wave formed is a leading wave from the diagonal triangle for wave 1, we assume that it has ended in this region and the next wave, wave 2, has begun.
(This possibility is very uncertain and decisions are made only on the basis of structures)
After breaking the upper side of the triangle, we will have a probability of climbing to Fibo 0.618 to Fibo 0.5, ie the target is 94,000.
And if the lower side of the triangle fails, the countdown will change.
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DXY (Dollar Index) | Deep correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
Della Index We think we are still inside wave 2 and from wave 2 wave c is being formed and it should be formed in the form of five waves.
We considered the targets for wave c , the most normal of which is Fibo 0.88, and we think that wave 2 will be completed and wave c will start in this region.
If this wave is completed as three microwaves, it will probably be wave 2 of wave 3 or wave b of wave 3 of the diagonal triangle.
If the bottom of the purple channel is broken, a drop will occur to some extent.
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DXY (Dollar Index) | Price targets to fallHello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index , as we expected, fell in the form of a wave c , and this decline is taking shape.
We specified the c wave targets.
According to the observation, we are inside wave 2 of wave c .
Or we may still be in wave 3 and I have identified two possibilities:
The first possibility of the orange motion process: it can be said that wave c is forming in the form of a diagonal triangle, which is inside wave b of wave 3, and after the formation of wave c of wave 3, wave four has entered the range of wave 1. And the diagonal will determine this trend.
If this structure is formed, target 0.618 will be the most suitable target.
The second possibility of the blue movement trend: If the ascent moves to the previous ceiling and after reaching that part of the same area, the orange channel floor will completely break its downward trend until Fibo 1.27 will continue.
The analysis point of the field will be the end of the -b- wave.
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DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, we had a descent for wave b from the second wave of wave c and this descent happened.
We guessed the depth of descent was less and longer in time.
The wave that started can be wave b from the second wave flat or it can be one of the microwaves, the third wave from wave c .
But in general we will expect a correction, the correction can be done from the same area or in Fibo 1.00 with the failure of the channel
And If Fibo 1.00 is broken, the downtrend will continue to move fast and strong.
The correction expectation we will have will be a maximum of 93,800.
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DXY (Dollar Index) | The best scenario for the fallHello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to this analysis and previous analyzes, we said that wave b is completed from wave four and wave c is being formed.
From wave c , we think that wave 1 is complete and wave 2 is forming.
We assume that wave 2 is long in time and flat in pattern.
From this felt, one or three waves are completed in a zigzag pattern and end on 0.50 fibo for wave 2 compared to wave 1.
And now we expect three more downward waves.
If Fibonacci 0.5 is broken upwards, Wave 2 will probably end in a zigzag pattern on Fibonacci 0.618.
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DXY - SHORT #DXY Daily
Here Is That Daily Chart On DOLLAR
We Are Looking For To DOWN Because Market Touch The Resistance Level
If There Is No Break Out Happened The $ Is Sell
DXY: SHORT NOTES ON MY TRADEHi just wanted to share this idea of my trade on DXY.
Please feel free to comment. Would love to hear your opinion.
NOTES ON THE TRADE
Im expecting a correction of the Dollar Index after
it broke the downside of the forming rising
wedge which i took as signal for a reversing trend.
took my entry on the consolidation for a
possible downward correction to the 93.000 level
DXY LOOKS TO BE HEADED DOWN THIS WEEK! WILL BTC PUMP?Just a short statement here guys. The DXY has HISTORICALLY for the most part been correlated with BTC price movements especially when it drops, BTC usually goes up. When the DXY goes up , USUALLY (although recently BTC has been going up with it) BTC goes DOWN!
Just more supporting evidence for a BTC BREAKOUT THIS WEEK!
BEARISH DOLLAR INDEXAs prices approach a critical resistance price region we see what is possibly an ending diagonal market structure that is in its final impulse wave. The dollar has already made a bearish close on the daily and weekly closes and a minor retracement of atleast 61.8% or 78.6
% is expected before prices head further
DXY (Dollar Index) | The last point to fall 🔥Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe.
The dollar index of wave b has finished from its fourth wave at higher times and confirmed the formation of wave c and the decline in the form of wave c by breaking the black trend line .
Contrary to reports and news that confirm the rise of the index, our wave count will be quite the opposite.
And we think that in this region, the index with the suffering trend of wave 2 forms c and then there will be a re-descent for wave 3.
The field point of this Fabio analysis will be 1.38 for wave b .
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DXY (Dollar Index) | Sensitive position to determine the trend🔥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.
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DXY TECHNICAL ANALYSIS 16102021Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.
The percentage levels provided are areas where the price could stall or reverse.
The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level.
from investopedia
NO INVESTMENT ADVICE...
Pretty even DXYPrice is kinda in no man's land at this point of time but we have a slight bias to the downside.
BEAR CASE
Price to retest 94.2 at the same time, RSI to retest 90, followed which a farther dump to continue. Price can immediately open short next week before moving up. Look out
BULL CASE
I won't be surprised if price hits the top of the channel again. If entering a short trade, minimise the lot size.
DXY (Dollar Index) | Small correction♻️Hello traders, DXY in 1-hour timeframe, this analysis was prepared in 1-hour timeframe but has been published for a better view in 2-hour timeframe.
According to the previous analysis, wave 1 was probably completed from wave c and the second wave, as we said, started.
Wave 2 is formed as a flat.
For now, we prefer not to count this wave.
From wave 2, wave a is probably over and now we are inside wave b . We think that wave b will start its ascent for wave c by hitting the bottom of the pink channel.
Of course, wave b is such that it forms the state of the prescribed three waves and moves close to the bottom of the channel, and in case of complete failure of the purple upward trend line, it can be said that wave c has started.
The target for wave c will be the minimum channel ceiling and the maximum up to Fibo 0.618 and finally Fibo 1.618 relative to wave a .
If the bottom of the pink canal is broken, the hope of climbing will decrease.
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