According to the bearish outlook :
U.S. Dollar Index appears to be completing the corrective sequence as the wave B, in an expanded flat formation.
In a closer view, the wave c(circled) of B could still be in progress, and decline of the following impulsive wave C is likely ahead…
Expanded Flat :
“When wave B is more than 105 percent as long as wave A and wave C ends beyond the end of wave A, the entire formation is called an expanded flat.”