Elliott Wave Perspective: USD IndexU.S. Dollar Currency IndexTVC:DXYRK_ChaartsHello Friends, Welcome to RK_Chaarts. Today, we're analyzing the US Dollar Index chart from an Elliott Wave perspective - just for learning, a possible perspective, not a tip or advisory, okay? On the Monthly timeframe, we're in corrective wave 'a' of Cycle degree (Red) downwards. Zooming in, on the Weekly timeframe, we've completed waves ((1)), ((2)), ((3)), ((4)), and are now unfolding wave ((5)) of Primary degree (Black) within wave 'a' of Cycle degree (Red). Within ((5)) of 'a', we should see five subdivisions of Intermediate degree on the Daily. So far, we've completed waves (1) and (2) of Intermediate degree (Blue). Currently, we're in wave (3) of Intermediate degree (Blue) downwards. If our count plays out, the price shouldn't cross above 100.395, the high of wave ((4)) Primary degree (Black). We're using this level as an invalidation point for our count. If valid, we'll continue the downward journey, making lower highs and lower lows. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.