Market Overview: DAX 40 Futures DAX futures moved sideways last week with a pullback after potentially going always in short. Most traders will wait to see if there is a second leg they can participate in or wait for a buy signal low in a TR. Bulls will still get a MA Gap bar buy […]
DAX 40 Big Breakout and FT Below the MA, Trading Range
Market Overview: DAX 40 Futures DAX futures moved lower last week with consecutive bars below the MA. It was a breakout and FT after a failed break above the ATH. This is the largest streak of bear bars in nearly 12 months, so this is probably going to pull back soon. Bears want to close […]
DAX 40 Still a Tight Trading Range at MA in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved lower last week with follow-through selling in a tight trading range, but it was not able to close below the bar from the week before. So it’s not as bearish as it could be. Bulls have finally got a chance to buy the moving average, and in […]
DAX 40 Big Failed BO above a Wedge Top, OD at MA
Market Overview: DAX 40 Futures DAX futures moved lower last week with a failed BO above a wedge top. It was a large outside down bar, so likely sellers above now. Buyers at the MA but will they look to buy lower instead now? Bears want a FT bar but have not had consecutive down […]
DAX 40 Nearly Big Outside Up, Sideways High in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved sideways last month with a nearly outside up bar. I’m writing this with one trading day to go. And that makes it more interesting for next month’s price action. If we go outside up, there is more chance of follow-through buying above this month. If we fail […]
DAX 40 Bull Trap in TTR or Trend Resumption
Market Overview: DAX 40 Futures DAX futures was a small bull follow-through bar but it did not close above the high of last week, so its a possible bull trap. Bulls want the stop-order to work and get back to the high close of the bull channel. Bears want tot rap them here and get […]
DAX 40 Bull Inside Bar at MA Final Flag or Wedge
Market Overview: DAX 40 Futures DAX futures moved higher last week with a bull inside bar reversing up from the moving average. It is a triangle on a lower time frame right in the middle of a TTR. We are alternating each week but if there is any more buying it should happen above this […]
DAX 40 Tight Trading Range at MA in Bull Channel
Market Overview: DAX 40 Futures DAX futures has been stuck in a tight trading range for several weeks, and this is the first touch of the MA. The bears see a possible second entry short – but at the MA is not great. Bulls will happily buy the MA and below in such a strong […]
DAX 40 Failed BO Above ATH in Tight Bull Channel
Market Overview: DAX 40 Futures DAX futures moved high with an all-time high last month but failed to close above last month. It’s a failed BO, but if the bulls can get another new high the bears might exit, and we can move higher. The bears want to sell above to prevent the bulls from […]
DAX 40 DT at MM Target or Big Bull BO and PB?
Market Overview: DAX 40 Futures DAX futures moved lower last week with a two-bar reversal. After hitting a MM target, we expected profit-taking. Bears will want follow-through selling, although they have struggled on this timeframe to get it. The bulls will likely buy lower, looking to scale back into longs if the bears get a […]