DXY (Dollar Index) Structure shows me that it has more chances to show a Bearish outcome than a Bullish one.
According to the previously posted video, this could very much turn out to be true.
Wave Counts suggests that the Double Three Pattern is complete and that DXY could start unfolding a possible Ending Diagonal towards 87.30 Levels.
Preferred direction is Bearish and the Main Count is my favorite at these times, however, should the Dollar Index start a Bullish move, I would be looking for limitations around 91.40 Levels.
Main Count vs Alternate Count:
Alternate Scenario:
If DXY would surprise with one more Bullish Swing, it would be most probably considered as limited because that would imply extending the current Corrective Structure from a Double Three into a Triple Three, which would rarely occur.
*Note: 91.40 would be closely watched if this scenario would turn out to be true.
Reasons:
50% Fibonacci Retracements of Minute III (red) 150/161.8% Fibonacci Extensions of Minuettes (w)&(x) (purple) Bearish Divergence expected at the mentioned Fibs
Preferred Scenario:
Expanded Flat within a Double Three Pattern would be considered as complete at these stages as multiple facts point towards that possibility.
38.2% Fibonacci Retracements of Minute III (red) have been reached (default measurements for Minute IV (red)). False Break-out caused by Minuette (x) (purple) decreases the chances of the Triple Three scenario 100% (default measurement) Fibonacci Extensions of Minuettes (w)&(x) (purple) have been reached Sub-Minuette c (blue) of Minuette (y) (purple) unfolded as an Ending Diagonal which is seen as a reversal Patern Minuette (ii) (black) shows a possible Right Shoulder in a Head & Shoulders Formation, which is a Continuation Pattern Recent up-swings are causing lower-highs which could be a solid sign of upcoming Bearish Divergence Dollar Index 2H Interactive Chart: