A lot of people seem to think DXY is oversold, let me show you why it's not. This is a continuation of my previous DXY chart I posted with some new TA additions. We are seeing the AB=CD pattern on the D1 that aligns perfectly with the 1.618 fib as well as a strong resistance line. We going up up up.
Looks like this scenario is playing out nicely, should go up to the 1.618 and then reverse down.
DXY is just bouncing off the upper channel for a retrace, but we should see PA continue up shortly to hit the 1.618.