If price is unable to hold above 97.57 ( 25th July 2016 high), it would argue the DXY has already topped at 103.82 on early January this year.
maybe one more decline to complete wave (c) of 2 or B
The structure looks bearish as long long price is moving below recent high of 1.26151
maybe a leg down to break the wave 1 of (C) top 5832 first
looks like price may approach to a turning point very soon
an ending diagonal should offer us a great chance to trade for the upside
running flat a-b-c or more complex correction?
I am inclined toward yellow count, but unable to rule out the other possibilities
looking for another wave down to finish wave (4), possibly near the 38.% or 50% re-tracement level
re-test the 2016 low of 14770 ??
At the moment, I am inclined to have the blue count as my preferred wave interpretation
looking for at least another one wave up to complete circle b wave
looks like a price reversal may happen very soon
expecting another modest decline to complete wave e, as long as 5832 holds
if this is a 5 waves decline followed by a flat then we should expect another motive wave down
then maybe trade for wave (c)
c wave of flat back to 38.2% or 50% ?
or maybe c wave of a triangle ?
blue labelling suggests the likelihood of a larger degree impulse up for wave 3 or C is underway
pink labelling suggests flat (circle b) wave first then followed by another (circle c) wave decline to complete a larger degree flat (2 or B)
WE MAY SEE ANOTHER MODEST RALLY TO COMPLETE (C)-5