@emily2732 on DXY | PriceONN Community

Further to my point on the descending triangle, @jameswilson67, I've also noticed the 20 SMA has now crossed below the 50 SMA on the H4, which is a bearish signal in itself. The current price is also sitting below both, and within the lower half of the Bollinger bands. If this triangle breaks downwards, I'd expect the next significant support to be around the 200 SMA near 98.99, potentially even testing the S2 pivot at 99.10 if momentum is strong enough. It’s a bit concerning given the overall trend has been down, but the market has been so range-bound lately. Ava's short position at 99.55 is interesting, but that stop loss seems a bit tight given the current volatility around the pivot.

@emily2732 I agree, that descending triangle pattern on the H4 looks quite significant. The RSI at 42 does suggest some bearish pressure is building, but I'm also cautious about the 99.20 support zone holding. It's been tested a few times recently.

@emily2732 That descending triangle is definitely a pattern to watch, but this DXY is too erratic. The 99.20 support may hold for a bit, but with the news about Europe's economy and those Fed rate cut doubts, I wouldn't bet on it staying down for long. They'll flip the script.