DAX 40 Futures<\/h2>\n\n\n\nThe Weekly<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/DAX-40-Bear-Reversal-at-the-Moving-Average.jpg\" "\\"\\"")
<\/a>DAX 40 Bear Reversal at the Moving Average<\/figcaption><\/figure>\n\n\n\n- The DAX 40 futures<\/a> on the weekly chart was a big bear bar closing near its low so we might gap down on Monday. <\/li>
- It’s a bear reversal at the moving average, but it didn’t go below a prior bar so it’s not yet as bearish as it could be.<\/li>
- For the bulls, it’s a 7-bar bull micro channel – a channel without a pullback. So it’s also a spike and could lead to a channel up.<\/li>
- The bulls see a double bottom with March and April, and want a breakout above the May high for a measured-move back up to January.<\/li>
- The bears see a broad bear channel and we’re selling off each time we touch the 20-week moving average (MA), so they expected to sell here last week.<\/li>
- Next week, if we trade below this week, would be a Low 1 sell signal in a bear trend and at the moving average. Although it’s a tight bull channel, so a higher probability short would be a Low 2 at the moving average.<\/li>
- For the bulls, it’s a pullback and they will look to buy below at the Low 1 for a second leg up. We just touched one of the measured move targets so we might pull back here. <\/li>
- There is another measured move target above, which would be reasonable, allowing the second leg after such a strong bull move.<\/li>
- We’re in a trading range so there are reasonable cases for buying and selling and generally if traders look to scale in and trade small, they can use trade management to make money.<\/li>
- It’s a decent sell signal for the bears and we might trade below next week. If the bears can get a follow-through bar – consecutive big bear bars closing on their lows, then it would be back to always in short.<\/li>
- If the bulls can buy below and get a High 1 or outside up bar, then that increases the chance of going up to the top of the March range.<\/li><\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/08\/DAX-40-Failed-Breakout-Above-a-Wedge-Top.jpg\" "\\"\\"")
<\/a>DAX 40 Failed Breakout Above a Wedge-Top<\/figcaption><\/figure>\n\n\n\n
<\/a>- The DAX 40 futures<\/a> on the weekly chart was a big bear bar closing near its low so we might gap down on Monday. <\/li>
- It’s a bear reversal at the moving average, but it didn’t go below a prior bar so it’s not yet as bearish as it could be.<\/li>
- For the bulls, it’s a 7-bar bull micro channel – a channel without a pullback. So it’s also a spike and could lead to a channel up.<\/li>
- The bulls see a double bottom with March and April, and want a breakout above the May high for a measured-move back up to January.<\/li>
- The bears see a broad bear channel and we’re selling off each time we touch the 20-week moving average (MA), so they expected to sell here last week.<\/li>
- Next week, if we trade below this week, would be a Low 1 sell signal in a bear trend and at the moving average. Although it’s a tight bull channel, so a higher probability short would be a Low 2 at the moving average.<\/li>
- For the bulls, it’s a pullback and they will look to buy below at the Low 1 for a second leg up. We just touched one of the measured move targets so we might pull back here. <\/li>
- There is another measured move target above, which would be reasonable, allowing the second leg after such a strong bull move.<\/li>
- We’re in a trading range so there are reasonable cases for buying and selling and generally if traders look to scale in and trade small, they can use trade management to make money.<\/li>
- It’s a decent sell signal for the bears and we might trade below next week. If the bears can get a follow-through bar – consecutive big bear bars closing on their lows, then it would be back to always in short.<\/li>
- If the bulls can buy below and get a High 1 or outside up bar, then that increases the chance of going up to the top of the March range.<\/li><\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n
<\/a>DAX 40 Failed Breakout Above a Wedge-Top<\/figcaption><\/figure>\n\n\n\n