After five waves up, as the sequence of impulsive wave (3), U.S. Dollar Index is likely to correct in three waves as the wave (4).
In a closer view on the subsequent of wave (4), wave A has been completed – wave B is likely being completed – decline of the following wave C is ahead.
How far down can the ongoing correction be expected to go?
Wave principle observes that fourth waves often retrace through Fibonacci 0.382 level of third waves. Hence, the ongoing wave (4) ultimately will achieve to the level of 92.785.