Once the small head and shoulders on the monthly plays out,  the next move could be to the quarterly triple pivot cycle high  at approx beginning of 2019.

Note the symmetry of the blue dotted lines.

Would that cause “4” to happen in 2019?  The negative divergence doesn’t make it seem so far fetched.

A better scenario is just another trip to the bottom rail on chart #3.

Chart 4 is the same as 3 with TSI added to see the  negative divergence better.

usd-cyclehui-quarterlyhui-quarterly-2hui-quarterly-2