FX.co ★ U.S. Dollar Index (USDX) in Forex Trading

From a wave perspective, I am waiting for a reversal of the #USDX index quotes on the H4 chart to the south to develop the final 5th wave of the extended impulsive formation as the 3rd daily wave. Currently, the technical conditions for such a statement have not been formed yet, as the asset quotes are actively showing local growth. However, I assume that this growth may soon be exhausted due to the approaching of the index quotes to the upper trend line of the current descending channel. Moreover, the asset quotes are in the price zone of the 4th sub-wave of the previous impulsive 3rd wave, where there is still a completely uncovered southern gap, which in itself may turn out to be a local resistance zone. In general, we need to wait for the reaction of the asset quotes, especially their ability to overcome the previously formed southern price gap, and then it will be seen what is what.