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 […]
DAX 40 Bull BO Above ATH, Top of Tight Channel
Market Overview: DAX 40 Futures DAX futures moved higher last week with a strong bull BO, a trend bar. The bulls see a BO and FT above the ATH. The bears see a buy climax late in a trend which can attract profit-taking. Although there is nothing to sell yet, most BOs above trading ranges […]
DAX 40 Bear Doji Closing on Low in Bull Channel
Market Overview: DAX 40 Futures DAX futures was a small bear doji bar in a tight trading range. The bulls see the bull channel as continuing and will likely buy below at the MA. The bears have been unable to body gaps below so will not be willing to sell strongly yet. Most traders should […]
DAX 40 Failed Breakout above All-time High or Pullback?
Market Overview: DAX 40 Futures DAX futures moved down with a Dax 40 failed breakout making a new All-time High (ATH) last month. When higher time frames (HTF) signals get triggered, they often pull back first. It is confusing as it was a tight trading range (TTR) to the left and a possible double top […]
DAX 40 Breakout Pullback or Failure above ATH?
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar and a tail below. It is a DAX 40 breakout pullback for the bulls at the All-time High (ATH). The bears see a failed breakout (BO) above. But bears have failed to make money for months so traders should expect […]
DAX 40 All Time High, BO above TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week to a new Dax 40 All Time High. It was a bull breakout (BO), so traders will watch the follow-through buying next week. The bears are looking to short the trading range highs but haven’t had a good sell signal. Some bears got caught […]
DAX 40 Inside Bar, Weak Bear Close in Expanding Triangle
Market Overview: DAX 40 Futures DAX futures moved sideways last week, with a DAX 40 inside bar closing above its midpoint. The bull trend has been strong, and without bears closing consecutive bear bars, it’s hard for bears to swing short. There are open gaps below, and it looks like the bulls will get to […]