USD Index : Struggling Bull

• Focus on weekly chart. The bold downTL has at least 6 points of contact so its recent break is a significant technical development. If not bullish, one should at least turn cautious on short USD positions.
• DownTL break at 75.82 2 weeks ago has not seen follow through buying which is a big disappointment for early bottom pickers like me. Was stopped out on new 74.77 low below old low at 74.94. Has bounced to 75.60 now. Sigh.
• Am looking out for possibility of a base forming pattern in and around the low 75.00s now. Stubbornly trying to buy dips still.
  
• Clearly, stop is now below 74.77.
• Daily chart has look of a double bottoming process.
• Foolish undertaking? Stubborn?
• This is the FX equivalent of equally foolhardy, futile and costly top picking exercise in S&P.
• Recent trades based on TL breaks have not worked. Better to view this as a necessary but NOT sufficient condition for a trade. Wait for confirmation from other classical reversal patterns.
• Health warning : Every such attempt to call an end to the prevailing trend which fails => missed opportunity to get on board the old trend + frustration at missing the established trend. Be warned!