Long term chart from 1985 USD peak to current situation. I believe this instrument is completing a large wave 4 and setting up for a wave 5 down. The Fib ratios and levels work out pretty well in the wave 4 with the 4.618 (of smaller 3 to 4 extension) right where it reversed this week. Used UUP put contracts to enter the short on 7/14/22 with UUP at 29.03