DXY made only a three-wave rise from the lows, which indicates for a correction within downtrend. So recovery can basically still be a fourth wave rally, just a bit deeper one that can still belong to an ending diagonal. So if we are correct, then final wave 5 can be still missing, and further weakness can cause some stabilization on cryptos and stocks.
Gold holding up well, despite some rally on DXY in last 24 hrs, and if Dollar finds new sellers, metals will likely remain strong. In either case, bulls should eventually resume higher into wave five, especially since the larger time frame structure still indicates an incomplete impulse. If we see a daily or weekly close outside of this contracting range, then a breakout toward 3600 or even higher could follow.
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