The dollar is approaching the top of its flat-topped megaphone (red). It’s approaching the top within a rising megaphone (blue) that should top with a head and shoulders that breaks out at the same time as the rising megaphone breakout.
The dollar is then a favorite to return to the bottom of its flat-topped megaphone before a try at a breakout through the top that could move a long way.
That breakout can fail with a small quick pierce. A breakout failure of this type would target a new low within the flat-topped megaphone (purple scenario).
Or the dollar could fail to return to the red megaphone top and break out downwards after a bounce (pink scenario).