Lets take a look at the USD Index DXY
Its been forming a hell of a bear flag all the way since 2008 and we're now in the final moments of reaching its top.
Right now the 5th wave of C looks like an ending diagonal (yellow) count where the 5th wave gets extended forming a broadening wedge top formation.
Once that breaks the game is on for lower.
DXY should turn before 112.943 (so that orange w3 is not the shortest within the parent wave)
In order to keep this idea valid DXY may not exceep 2.618 of AB @ 117.56 / local 1.886 @ 117.70 confluence