TVC:DXY   U.S. Dollar Index
For DXY, the action is very important near the red line drawn at the top of the chart. Since the 4-hour uptrend has ended, we expect it to come down to the daily demand zone area. For the uptrend to continue, it must rebound here and either break above the red line or settle. However, if the daily upward wave cannot continue, the weekly correction process will be inevitably structured and will come down to the vicinity of the weekly demand zone. And since the high point becomes the starting line of a new weekly or monthly correction trend, if the rise again fails, it can be propagated to the monthly correction process of a large W-X-Y structure.
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