Dollar Index: which structure is at play here?U.S. Dollar Currency IndexTVC:DXYprofxedgeDollar Index got us confused as well this time. The thing is, when you have an expanding flat (correction) this ALWAYS opens up more than one scenario that can play out in the following days or weeks. An expanding correction is one in which the B wave begins above the top (if it's a correction for an upside move) or below the bottom (if it's a correction for an upside move) of the impulse. The problem with that is that automatically two separate scenarios open up automatically. In this specific case the question then became: did the first impulse end on May 21 and all that followed was an expanding correction (dark blue), apparently already finished, and as of today we are already resuming the dollar strength so we are going for the following impulse? Or is the high = end of the first impulse, the one occurred on May 28 and we are still today in a correction (in this case a regular one). How can you tell? Not easy. A clue, for instance, could be that the move from A to B (first scenario in dark blue) does not really qualify as an extension of the impulse as it is quite slow and choppy *with other internal correction. But, still, it very well could be. If you look at the GBPUSD things are even more confusing because when an impulse to the downsides resumes, you expect it to move as such: not that it stops and starts correcting again moving all the way back above the beginning of the first correction, which is exactly what happened in the pound. So what does this tell you? A few very important things. 1. when you are in corrections, you trade setup by setup (intraday, 15 or 30 minutes) and you don't make too many assumptions: if the setup is there, it will appear on the London or NY session, end of the story. 2. You always check EURUSD and GBPUSD together because they have to be doing the same thing. Yes, they can move differently in terms of velocity/momentum, but they have to do the same thing in the impulses. Gold is another story: if euro, pound and gold move in the same direction it is usually a dollar "thing" but don't assume that gold will move accordingly all the time because that is not true and you can easily find out by backtesting. So why are we publishing the daily buy setup on dollar index today? Because as it stands now, the "yellow" scenario is the least likely. Can it still happen? yes. As a matter of fact, no issues here. If you don't want to / feel like taking the sell on eurusd or gbpusd with a daily stop loss, you can go about it in another even better way. Skip this setup and wait for the next one. In this case, wait for price to trade above the previous impulse (in this case clearly above last month's high) and take a setup there.