DXY 4H: The Dollar Is Setting Up for One More Drop?

Wait 5 sec.

DXY 4H: The Dollar Is Setting Up for One More Drop?U.S. Dollar Currency IndexTVC:DXYGreenfireforexDXY 4H — One More Push Higher Before the Drop? The Dollar Index is currently showing a potential ABCDE corrective structure on the 4H timeframe. Price has already started moving lower from B, and I'm watching the highlighted 4H Order Block as the key area for the next reaction. 🔎 My Scenario D → E My primary expectation is: ➡️ Price retraces into the 4H Order Block ➡️ Rejection from the zone ➡️ Bearish continuation ➡️ Potential move toward 98.20–98.30 The key area I'm watching is approximately 100.10–100.45. 🎯 Levels Resistance / Order Block: 100.10–100.45 Current area: ~99.70 Potential Target: 98.20–98.30 ⚠️ Invalidation If price accepts and holds above the Order Block, this bearish scenario becomes weaker and the structure needs to be reassessed. This is a scenario, not a prediction. I'll be watching how price reacts at the marked zone before looking for confirmation. What do you think? D → E or bullish continuation? 👇 #DXY #DollarIndex #Forex #USDollar #TradingView #TechnicalAnalysis #SmartMoneyConcepts #OrderBlock #PriceAction #ForexTrading