Hello traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index (DXY) published in members area of the website.
As our members know, DXY made a pullback that unfolded as an Elliott Wave Zig Zag pattern. Price completed a clear 3-wave move down from the peak and found support at the Equal Legs zone (buying area). In the following analysis, we explain the Elliott Wave pattern and the market outlook.
DXY Elliott Wave 1 Hour Chart 10.06.2026
Dollar Index is currently forming an intraday three-wave pullback from the recent highs. We identified a potential buying zone by measuring the Equal Legs area with the Fibonacci Extension tool, projecting the length of wave (a) from the end of wave (b). The ideal support area comes at 101.92–101.63 ( buying zone) . As long as price holds above this region, buyers could step in and support another move higher, with the potential for the Index to resume its rally toward new highs.
You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page
DXY Elliott Wave 1 Hour Chart 10.08.2026
Dollar Index found buyers at the Equal Legs zone, as expected. The correction ended at the 101.75 low, and DXY has since started a rally from that area. The reaction confirms the buying zone was respected, and the bullish sequence is now progressing higher. As a result, long positions taken from the Equal Legs zone can now be considered risk-free after moving the stop to breakeven, while the Index continues to target further upside. As long as the 101.75 pivot holds, Dollar Index can continue higher toward the 102.71–103.01 target area.
Important note: Our analysis is not based on Elliott Wave in isolation. We perform detailed higher-time-frame cycle analysis, which shows an incomplete market structure. This is one of the key drivers of price action, along with correlation analysis and broader market context.
We also teach our members in live analysis sessions how to identify incomplete bullish and bearish sequences. Even a 14-day trial, is enough to noticeably improve your trading analysis and forecasting approach.
Elliott Wave Forecast Membership
Trade with a clear plan. Trade with confidence.
Our team of professional analysts monitors 78 instruments across global markets every trading day, helping members identify high-probability setups, define risk before entering, and manage positions with a structured, rules-based approach.
Inside your membership, you’ll receive:
-
Real-Time Trading Recommendations — clearly defined Entry, Stop Loss, and Take Profit levels for every setup.
-
Live Trading Room Access — follow professional setups and trade management as they develop in real time.
-
24-Hour Analyst Support — ask unlimited questions and get expert guidance throughout the trading week.
-
Expert Multi-Market Analysis — covering Forex, Stocks, Indices, ETFs, Commodities, and Cryptocurrencies.
-
Education Built Into Every Setup — learn how experienced analysts identify opportunities, define risk, and manage positions. Exclusive educational videos are included at no additional cost.
Stop reacting after the market moves. Start preparing before it does.
See the setups our analysts are watching, follow the market in real time, and learn the strategy behind each trade.
Comments