 Welcome traders to another wave analysis session with me, Patrick Manley. I want to review where we're up to with Dollar Index. Obviously we've been in this major impulsive move to the downside. Subdivided nicely, we've got an interim wave 3 low here in place. We corrected the beginning of the year into wave 4 high and we're now extending to the downside in what should be the major fifth wave low for the first leg of this decline. So what I'm looking for now is an extension down. Ideally to test this 8750 area which is an equality objective versus the weekly chart. And as we hold momentum divergence here, triple momentum divergence that should set a major wave 5 low in place. And I've been looking to play that on a break of the trend line resistance to close above the trend line to set long positions. Ultimately we look for an extension higher than to test the wave 4 again at 9330. As always traders, plan the trade, trade the plan, manage your risk.