DXY (Dollar) Strength or continuation of fade?

DXY

Straight to the point, Dealers are accumulating DXY, going long, extreme long 90%+, while as speculators (large spec/small spec aka RETAIL traders) are extreme short. Clearly we are within a downtrend for DXY, with a potential bear flag in the making. Yet, with the knowledge of dealers being extremely long on the dollar, this could be a pattern of accumulation. Which would set off a chain of short squeezes to make retail lose money (as always). Right now, it looks like DXY has found a base and has created 2 higher lows from the previous low, which is a bullish sign. The red dotted lines indicate an area of supply where there are sellers waiting with positions. I am NEUTRAL currently because I want to see either a breakout of the current downtrend line or a breakdown at the downtrend line. If its a short, short to the lowest white line. If its a breakout, wait for a retest of the downtrend line and long to the supply zone. Since it is near the election and end of Q3 going into Q4, most market participants want to go risk off and go full cash.

TLDR: Dealers extreme long on the dollar = DOWNY EQUITIES

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