
So I keep waiting for the USD to finish it's first wave up and it seems after today's action we could be on our way to the final fifth of the first wave. Above is an alternate count with possible Fib levels (depending on how you measure the fifth). I am not starting the first wave at the exact $DXY bottom (74.17). If I counted the first wave to be from the 74.17 bottom, second wave would have retraced 90%+ and that is rare, so it is likely the irregular bottom was created by a corrective wave in the opposite direction. So remember, anything goes on the fifth wave ... the third wave isn't the shortest, so the fifth could really tear here (or truncate).