I am showing a count for a leading diagonal
as wave 1 of wave 5 for the Dollar index
, looking for a 5-3-5-3-5 count. I'm sure I could also count this as an ending diagonal
too (3-3-3-3-3) which would suggest that while there is more upside in the Dollar, there is less so and a trend change could be more imminent. However, whichever way you count it, I believe the Dollar will rise from here and could hit around 100 before making any serious retracement or changing its trend.