This is in continuation of the earlier posts on DX published here on (1/May/16) and (5/Feb/2016). The Dollar Index appears to be in a triangle pattern since March 2015. It is currently at the lower end of the expanding triangle. As such the Dollar index is at an inflection point. There is a possibility that the Index is completing wave 4 and will move back up to complete wave 5. Alternately if the index breaks down decisively below the lower trend line, then it is likely to move down much further and may break the lows of March 2008. My preferred path is shown by blue line. Red line showing the alternate possibility.
