INDEX:DXY U.S. Dollar Index
I still think there is a good chance the US dollar has been forming a long term 5 wave triangle (ABCDE) before one last major drop. Although the has gone to a new high, the price high at C has not yet been bettered leading to a potential negative reversal. This pattern indicated that price is weaker than the indicator and often leads to new lows. We also have a divergence more recently in the where the has been dropping while the price is rising. This week we also has a bearing engulfing candle. When all added together it looks potentially very .