Here is my analysis for DXY on 4H candles. As you can see, we are at the bottom of a 3rd wave of a 5th and are due for a 4th wave retrace back up. Since wave 2 was a flat correction, following rule of alternation, wave 4 is most likely a zigzag (ZZ) or triangle correction as can be seen in the diagrams. Although it is possible we see a complex WXY or double combo correction, but it is less likely. First two targets at the 0.236 and 0.309 fibs. Though we could see a pullback as high as 0.5, but I doubt we would see any higher just based on historical pullbacks on DXY. This should push stocks to finally correct as well.
