Dollar Index Probable Directions

Dollar Index is gradually inching higher making overlapping structure. Looking at the ongoing structure and its reversal from the 98.34(25th Apr'19 high) there are 2 possible counts.
In the preferred scenario(Red Line), prices are likely to find support around 96.50 on further weakness and witness a sharp reversal towards 98.66 ahead of any significant fall.
The alternate scenario (Blue Line) shall hold below 98.34(25th Apr'19 high) on any initial price recovery and witness a sharp fall towards 93.10 ahead of resuming its long term bullish trend.
95.74 is the trigger level for the Alternate Scenario where the Preferred Scenario will become invalid.