Dollar Index is completing a clean 5‑wave advance. Price is reacting at resistance, suggesting a potential Wave 4 pullback before the final push toward the major supply zone above. As long as the must‑hold support holds, the bullish structure remains intact. Watching for the corrective dip to set up the Wave 5 continuation.
🔍 Key Points for Traders
• Clear 5‑wave impulse structure forming on the 4H timeframe
• Price reacting at prior resistance, signaling a possible Wave 4 correction
• Trendline support and demand zone align as the ideal retracement area
• Wave 5 projection targets the major resistance level above
• Structure remains bullish unless the must‑hold zone is broken
🔍 Key Points for Traders
• Clear 5‑wave impulse structure forming on the 4H timeframe
• Price reacting at prior resistance, signaling a possible Wave 4 correction
• Trendline support and demand zone align as the ideal retracement area
• Wave 5 projection targets the major resistance level above
• Structure remains bullish unless the must‑hold zone is broken
Trade active
Resistance target touched but I will not close this trade idea yet because I see there likely a liquidity sweep above the resistance target before the next structural direction. Trade closed: target reached
Target reached but second attempt failed. I will analyze the chart and provide a fresh idea soon. Thanks for following along
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.