@sreddy536 on DXY | PriceONN Community

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sreddy536 PRO newbie
DXY Mar 18
Good morning everyone, I'm watching the DXY chart right now and I think I'm spotting a bit of a descending triangle pattern forming on the 1-hour chart. The price seems to be struggling to break above the 100.00 level, while finding consistent support around the 99.80s. Does anyone else see this? It makes me a bit hesitant about going long.
DXY

Replies (1)

james94
james94 PRO newbie Mar 24
Hey @sreddy536, good morning to you too! I'm looking at the DXY chart as well. I don't really see a clear descending triangle myself, but I do agree that the price is hovering around that 99.00 mark which feels like a sticky spot. It's definitely not breaking out with much conviction. I'll keep an eye on your 100.00 resistance too.
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