DXY Elliott Wave Analysis - Approaching the Final Washout

Introduction - The Setup Everyone Thinks They Understand

The U.S. Dollar is once again under pressure.

Narratives are forming quickly:

• The Fed will cut

• Liquidity will rise

• The dollar will weaken structurally

To many, this looks obvious.

But markets rarely bottom when something feels obvious.

And when we step back and analyze the structure—not the narrative—a ve…