Do we have one more impulse wave on DXY?

TVC:DXY   U.S. Dollar Currency Index
Well.. we all know dollar has lost strenght against other currencies, at least from historical perspective since the 80´s.. But now, to the point: how much upside it has in this current "apreciation" cycle.
Of course. this is no easy forecast to make, since lots of variables are tied to it and some macro top down analysis and macro economic assumptions are to be made.
This chart focuses in TECHNICAL assumptions ONLY, and makes a price action analysis based on Elliot wave . I will do some do dilligence and macro economic analysis on this subject, but its outside tradingview´s reach.

IF we are in fact in a wave 4 formation, it has already done the minimum correction needed at 92.45. It could go as far as an 38% retracement and the count would still be valid (so far, 92.45 for the minimum 23% retracement has been completed). IF price crosses 89.70 then count needs to be reviewed and price objectives are no longer valid.
After wave 4 is completed, wave 5 would develop with a 100% projection of wave 1, with a 111.302 objective.
This is a weekly chart, so this price forecast so its a long term chart, that could go as long as july 2017 (though I dont trust elliot in time projections, but since I am applying the system, I inform the time projections as well).

JUST REMEMBER: trading is not about knowing what is going to happen, is about trading the opportunities the market and our approch to it gives us. So.. put your TP, SL or whatever risk management tool you use and happy trading!
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