Piercing Line Bullish Continuation at 0.382 Fibonacci Retrace.

١ أغسطس ٢٠٢١

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.