Dollar Index - Major Update

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Dollar Index - Major UpdateU.S. Dollar Currency IndexTVC:DXYprofxedgeDaily close > previous month's high (99.544) = Total upside Dollar index stops climbing before previous month's high and starts reversing today = ABC correction potentially still in play (grey) for more upside (later on, like next week). This would be the best scenario in terms of easiness of harnessing upcoming buys. Yellow scenario seems unlikely at this moment today because of the upside gap at today's open and also because of the structure. HOWEVER it could still happen even after breaking the previous month's high if we are in a C wave extension, WHICH IS WHY If you are not in the buy from earlier this week WAIT for daily close above the 99.544 level and look for subsequent 1hr timeframe buy setups that occur AFTER that. Trade well. Stay disciplined. If uncertain, don't overdo it. If you find value in this analysis, consider following for future market perspectives and structured market commentary. Thank you