<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> Breakaway Gap / Inversion PD arrays / RTH Gap expiration date / Silver bullet example
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On the weekly chart for DXY we have SIBI. Its important for us to see how we trade there if we reach it. There are 2 scenarios
There's been some issues with the crops from an agricultural standpoint for folks that follow the commodity market, the grain markets, because there's a drought right now. Corn, wheat, and soybeans are expected to have a difficult year, so that would be bullish for those grain prices. And if that's the case, that would probably be seen with a dollar index that is consolidating or lower. But we have the added uncertainty of war.
The bulls would want to see price above the Weekly FVG and if not, if we have consolidating DXY, EUR can go lower for the REL below the +OB and dig in further into the Weekly FVG.
A breakaway gap is when we have a significant price gap near a swing high or low. In this case, the price is moving lower.
So if the price drops aggressively, that's a very good signature that supports the idea that you're on the right side, and you don't want to see that gap filled. So you would treat it as a breakaway gap.
NQ has already traded into its respective Volume Imbalance, but ES only till the SIBI.