📉 DXY is resting in wave 4 before continuing wave 5? New target 100.80 is waiting!
📅 March 19, 2025 – 4-hour time frame (4H)
The Dollar Index (DXY) is still clearly bearish following the Elliott Wave, currently resting in wave ④ to prepare for wave ⑤ with a major target at 100.80. USD traders should keep a close eye!
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📊 Elliott Wave Analysis
✅ Waves ① and ③ are complete, with wave ③ reaching 1.618 times the wave ① at 101.64.
✅ DXY is currently entering a resting wave ④ with resistance from Fibonacci Retracement:
• 0.236 = 104.27
• 0.382 = 104.91
✅ If the price reaches this zone and cannot stand, Expected to continue down wave ⑤ to new target
🔻 Important support-resistance:
• Resistance: 104.27 – 104.91 (Wave 4 rest zone)
• W.C. Invalid: 106.11 (If it breaks this, it must be re-evaluated)
• Support: 103.38
• Key Support: 100.83 (Wave 5 target)
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🔥 Trading guidelines and opportunities
📌 Bearish Scenario
• If DXY tests 104.27 – 104.91 and fails, it is time to continue down wave ⑤
• Next target: 101.60 – 100.80
📌 Bullish Scenario
• If it breaks 106.11, this structure ends Need a new plan
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📢 Summary: DXY Index Consolidates to Continue Down?
According to the Elliott Wave structure, if DXY does not break the Fib resistance, the price has a chance to continue down wave ⑤ to 100.80. Traders should keep a close eye on the consolidation zone and resistance!
💬 What is your view? Will DXY fall to 100.80 or bounce back? Comment now! 👇
