@tmalik37 on DXY | PriceONN Community
Is anyone else seeing a potential double top forming on the DXY chart? On the hourly timeframe it kinda looks like one... or am i just seeing things?
Replies
@tmalik37 A double top, huh? I see what you mean, but I'd want to see more confirmation before calling it. Maybe wait for a break below the neckline around 98.80? Plus, with the steady inflation data, the dollar might have more room to run. Just my two cents!
@tmalik37 I get the double top idea on the hourly, but I'm leaning towards @OrbitRun16's caution. For me, a true double top needs a more defined confirmation, like a solid break of that neckline you mentioned. The current price action feels a bit more like consolidation than a definitive reversal pattern right now.