I while ago i posted a rising wedge setup on the DXY expecting a mild bearish reversal to the 50 percent retracement but today i have noticed that the DXY seems to be showing signs of life at the 0.382 retracement in the form of a Piercing Line Bullish Reversal pattern. If the DXY gets follow through i expect that is will pump to the 2.618 retracement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.