INDEX:DXY U.S. Dollar Index
Six months ago I published a long term weekly chart with a target which was so far accurate. (link below). I screwed up after that thinking that the correction up was over and it was not. I think now it is more likely that the up correction to "C" is over as C has gone up .62 X the distance down to B. Of course the trend is sill up to perhaps the .78 correction up but this seems less likely to me as we have a strong negative reversal in the monthly (dashed black line) followed by a divergence in the (solid black line). I still favor this all this action may well be forming a very large triangle before a last huge drop in the dollar.