DAX 40 Futures<\/h2>\n\n\n\nThe Monthly<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/07\/DAX-40-Outside-Down-Bar-at-13000-Big-Figure.jpg\" "\\"\\"")
<\/a>DAX 40 Outside Down Bar at 13000 Big Round Number<\/figcaption><\/figure>\n\n\n\n- The DAX 40 futures<\/a> was a bear surprise bar, an outside down bar at 13000 big round number. It has a small tail below it.<\/li>
- It is a micro double bottom with March and a pause at the pre-pandemic high. <\/li>
- The bulls see a micro double bottom and a pullback to the prior breakout point after the pandemic’s initial lows. They see we are at the bottom of a bear channel and expect bears to take profit here, expecting a reversal. They will likely scale in lower.<\/li>
- Bulls see last month as a sell climax as the biggest bear bar in the recent trend.<\/li>
- The bulls want a pause bar, an inside bar with a tail below for a micro double bottom and setup a High 1 buy on the monthly chart. <\/li>
- Bulls look left and see that the 5 previous times we crossed the 50-month MA, the bears exited so they will likely buy here again.<\/li>
- But is the context different?<\/li>
- The bears see a broad bear channel and a surprise bar late in the trend and might expect a measured move down from here.<\/li>
- The bears know we are likely always in short and want a follow-through bar. But there is something wrong with the trend. 2 bear bars, pause, bear bar pause – it is not big consecutive bear bars which tells us it is likely a leg in a trading range.<\/li>
- So if we are in a trading range where is the bottom? Perhaps we are at it. They know that the month following a push down to the 50-month moving average was reversed each time, so they are likely to scalp.<\/li>
- Reasonable to expect prices to go sideways to down here.<\/li><\/ul>\n\n\n\n
The Weekly<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/07\/DAX-40-Double-Bottom-at-13000-Big-Figure.jpg\" "\\"\\"")
<\/a>DAX 40 Double Bottom at 13000 Big Round Number<\/figcaption><\/figure>\n\n\n\n
<\/a>- The DAX 40 futures<\/a> was a bear surprise bar, an outside down bar at 13000 big round number. It has a small tail below it.<\/li>
- It is a micro double bottom with March and a pause at the pre-pandemic high. <\/li>
- The bulls see a micro double bottom and a pullback to the prior breakout point after the pandemic’s initial lows. They see we are at the bottom of a bear channel and expect bears to take profit here, expecting a reversal. They will likely scale in lower.<\/li>
- Bulls see last month as a sell climax as the biggest bear bar in the recent trend.<\/li>
- The bulls want a pause bar, an inside bar with a tail below for a micro double bottom and setup a High 1 buy on the monthly chart. <\/li>
- Bulls look left and see that the 5 previous times we crossed the 50-month MA, the bears exited so they will likely buy here again.<\/li>
- But is the context different?<\/li>
- The bears see a broad bear channel and a surprise bar late in the trend and might expect a measured move down from here.<\/li>
- The bears know we are likely always in short and want a follow-through bar. But there is something wrong with the trend. 2 bear bars, pause, bear bar pause – it is not big consecutive bear bars which tells us it is likely a leg in a trading range.<\/li>
- So if we are in a trading range where is the bottom? Perhaps we are at it. They know that the month following a push down to the 50-month moving average was reversed each time, so they are likely to scalp.<\/li>
- Reasonable to expect prices to go sideways to down here.<\/li><\/ul>\n\n\n\n
The Weekly<\/em> DAX chart<\/h3>\n\n\n\n
<\/a>DAX 40 Double Bottom at 13000 Big Round Number<\/figcaption><\/figure>\n\n\n\n