This is the mirror reflection of the DXY chart.
DMA50 and 200 in a clear downtrend, printing further bearish flags.
We are likely observing the wave 5 of (3). Still more downside.
After the wave (3) is completed, expect a larger corrective structure in the wave (4) before the final sell-off and the reversal

Trade safe
Elliott WaveTrend Analysis

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