$Index: A breakout is on the cards

TVC:DXY   U.S. Dollar Currency Index
37 0 6
Comments on the chart. It is overbought but price always trump indicators imho            
Comment: market is playing with my idea. After that massive bullish bar I was looking for a breakout of the range but price is retreating instead. Not fully at all. An EW 3 wave is usually explosive and in this case to the upside. if the 96.00 low is taken out it is back to the drawing board
Comment: We have lift off. The next thing to look out for is a daily close above the flag and perhaps a retest of the breakout zone which must be successful for this idea to gain more traction
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