it could be done.. very hard to saythere is still room for a bit...

it could be done.. very hard to say
there is still room for a bit lower.. say around 26.2-26.8
silver USD


The DXY is still unclear whether its rolled over or not
the blue channel could be seen as a bull flag
the red arrow leg down could be seen as bearish stronger downard momentum than the rebound (so far)
The rebound last 4 days (green arrow) have all had lower wicks suggesting there is support and it will go higher, though the bounce so far is very small compared rto the red leg down

right now if i had to toss a coin on it, id say the DXY will go up short term

zooming out i wont even rule out a new high above the 1.14 in 2022 before the DXY starts its bear market.. there could be one high left in an elliott wave count.. but they are always a lot clearer in hindsight and not the most reliable guide in the moment we could be going into wave 5 of 5 startiung from 2008 inferring a new high is left in the tank