@meganthompson78 on DXY | PriceONN Community
M
I'm seeing a potential inverse head and shoulders forming on the DXY 1-hour chart. The neckline is around 99.00, and if we get a confirmed break above that level, I'd expect a pretty aggressive move up, possibly towards the 99.30-99.50 area. Keep an eye on volume during the breakout; it'll need to be substantial to validate the pattern. The recent inflation data could be a catalyst.