I do not normally track DXY but decided that I have to in order to validate some of my gold and silver counts.
DXY is at the very strong level. The index has been bouncing around it the whole 2022 year. I illustrated potential developments with WXY one being a triangle in the shadow of W and another one - abc flat.
A completely separate scenario is the one in grey where we finalised wave [1] of the diagonal.
All the variety points to a correction upwards. Let's see if the market does as I suggest or something completely different ))))