dollar index is making higher high with higher lower between white trend lines
from last peak it has made a abcde elliott wave triangle
so key support level 109.600 which is testing both yellow and white trend line at the same time
if support breaks than peak dollar (as cramer said on 24 October ) confirmed which translate into end of fed QT ( while inflation is still high).
if support holds than 120 next high is coming ,
since dollar strength is driving everything so need to mention gold and euro
from last peak it has made a abcde elliott wave triangle
so key support level 109.600 which is testing both yellow and white trend line at the same time
if support breaks than peak dollar (as cramer said on 24 October ) confirmed which translate into end of fed QT ( while inflation is still high).
if support holds than 120 next high is coming ,
since dollar strength is driving everything so need to mention gold and euro