@OscarGray on DXY | PriceONN Community
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I've been staring at the DXY chart for ages, and I think I might be spotting a descending triangle forming on the H4. The price is hitting that upper resistance around 99.60-99.70 repeatedly, but the lower support seems to be creeping up slightly with each bounce. It's not perfectly defined yet, mind you. The RSI is hovering around 47, which isn't screaming oversold or overbought, so it could go either way. If it breaks that 99.38 pivot point, I might consider a short, but honestly, with all the central bank chatter and geopolitical stuff, I'm a bit nervous about committing. Feels like a trap waiting to happen. What do you guys think, is this a classic bearish pattern or am I just seeing things late at night?