Dollar count looks complete

Turns out I was a couple of weeks early in projecting a bottom for the dollar, but (maybe) not that far off in terms of actual price. If you went long a couple of weeks ago you're in a winning trade as of today.

The crowd psychology is simply too one sided for me to believe that the dollar will experience significant downside from this point.

I suppose it could slide some more and I'd have to rethink the count, but the structure, proportion, trend line break, psychology, etc, suggest to me that the dollar has put in at least an intermediate term bottom. I'd still use a reasonable stop though -- as long as the FED wants to destroy the dollar, trading against them carries risk of cheating.

Daily count on $USD:


Closer look at Minor 5 of Intermediate (C) on UUP:


The alternate count - which is still very much in play - would be that the recent low marked the end of Minute iii of Minor 5. Expect a few more days of consolidation before setting new lows. A breach of 77.5 on the $USD invalidates the alternate count.