Market Overview: DAX 40 Futures DAX futures moved higher again with a Dax 40 tight bull channel with open gaps. The bulls got follow-through buying high in a trading range and might get a second leg up to the top of the range above. The bears have controlled most of the year so they will […]
DAX 40 Bull Breakout Possible Double Top
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 bull breakout possible above a wedge bottom so traders expect two legs sideways to up. The channel is so tight it is climactic, and might form a bull leg in a trading range. It is common in trading ranges for […]
DAX 40 Big Bull Bar Closing on its High
Market Overview: DAX 40 Futures DAX futures moved higher last month with a Dax 40 big bull bar strong reversal closing on its high. The bulls see a pullback on the longer term timeframe and a second reasonable buy setup. The bears see a tight bear channel and are looking to sell again, seeing this […]
DAX 40 Always in Long at the 20-Week MA
Market Overview: DAX 40 Futures DAX futures moved up again this week, so we are always in long at the 20-Week Moving Average (MA.) It has been an extended bear trend down to the lows of the COVID breakout, and we are testing the breakout on October 28th, 2020. We have retraced 2 years of […]
DAX 40 Breakout Mode, Bull Inside Bar
Market Overview: DAX 40 Futures DAX futures moved sideways last week with a weekly bull inside bar. It’s a micro double top and bottom, DAX 40 breakout mode so next week is important. Probability favors the bear move down, but the math favors the bulls for a swing up to the moving average. We are […]
DAX 40 Micro Double Bottom at 12000 Big Round Number
Market Overview: DAX 40 Futures DAX 40 Micro Double Bottom on the weekly chart as bulls started to scale in buys at the lows of the previous trading range. It is possibly still always in short after 3 consecutive bear bars, but the math favors bulls if they can get a better buy signal. So […]
DAX 40 Consecutive Bear Bars Closing on Lows
Market Overview: DAX 40 Futures DAX futures continued down this month with consecutive bear bars closing on lows. The bulls see a bull flag in a longer-term bull trend and expected the second leg to get back to near the breakout of the trading range. The bears see a tight bear channel, but with overlap […]
DAX 40 Consecutive Bear Bars and Possible Wedge Bottom
Market Overview: DAX 40 Futures DAX futures moved down again last week with DAX 40 consecutive bear bars and setting up a possible wedge bottom. The bears got a break below the March lows, but we have been going sideways for many weeks, it might form a tighter trading range here. Bears want a follow-through […]
DAX 40 Wedge Bottom and Tight Trading Range
Market Overview: DAX 40 Futures DAX futures was a DAX 40 wedge bottom and a tight trading range, low in a large trading range. it could be a double bottom buy setup, but bearish enough for a second leg down next week. Bulls are looking to swing for a break higher and measured move up. […]
DAX 40 Bull Inside Bar, Double-Bottom Buy Signal
Market Overview: DAX 40 Futures DAX futures was a DAX 40 bull inside bar, a double bottom buy signal on the weekly. It’s a second entry long setup which is a reasonable entry on this timeframe, but it’s been lower lows all year so a difficult trade to make. We are slightly above the harmonic […]
