Looking for one more downward correction before continue upside.

For the DXY, we predicted it will continue to be range bound and value lies to the downside. It did move down but not as drastically as I imagined. The downwards move is still valid because all the points marked by the green dollar icons needs to be liquidated.

BEAR CASE
Value is to the downside, all the points marked out to be liquidated has to be visited before a long sustained up move can happen

BULL CASE
Any move to the upside is capped and will retrace to trade in the channel before fulfilling the bear case.


Approach:
I'm waiting for a bearish convergence to happen on the RSI to enter for a short.