DXY – NYBOT Dollar Index (Last:104.51)

As forecast, the Dollar Index has fallen into the 101.30-104.64 range, presumably bound for the 102.34 Hidden Pivot target shown. If so, this would portend a further easing of pressure on bullion over the next 4-7 days, or however long it takes to complete the pattern. A sharp rally in the meantime to the green line (x=106.58) should be viewed as an excellent opportunity to get short ‘mechanically’, given the steep pitch of the A-B impulse leg.