Dollar index day trading strategy

The dollar index pushed to new higher-highs
on Tuesday afternoon, breaking the bullish AB=CD when it broke above 81.165 and
then went almost all the way to the highs of the short term range we can see
defined on this 89-range chart of the dollar index.  Now that the dollar index is trading at the
highs, we assume the sellers will try and bring it back down.  We have a few easy clues that this price will
most likely drop lower today;  first, we’re
at the range highs, second, we’re trading on top of the PHOD, third, we have a
bear price channel that was just recently violated, and of course the price
wedge tells us to expect lots of resistance at these highs.

So we think the dollar index will
fall back lower, now lets try to anticipate what we will do next if this dollar
index does what it shouLd.  If the dollar
index falls lower other markets other markets will rise higher, so we can
assume a falling dollar index will give us buying opportunities.  Now all we need to do is wait for two
things.  First, wait for the dollar index
to make its move lower, getting the party started to the downside, and this
will be seen a failed wave pattern long on the 13range chart, and then the
second thing we need is to get a buying pattern at the proper location on the
markets we trade.