{"id":164450,"date":"2022-11-12T07:00:00","date_gmt":"2022-11-12T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=164450"},"modified":"2022-11-11T23:48:45","modified_gmt":"2022-11-12T07:48:45","slug":"dax-40-bull-breakout-possible","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-bull-breakout-possible\/","title":{"rendered":"DAX 40 Bull Breakout Possible Double Top"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> 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 legs to go above swing highs and lows before reversing. The bears want last week to be a buy climax and look to sell a reversal down, although its likely to be minor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DAX 40 Futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> DAX chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top.jpg\" alt=\"DAX 40 Bull Breakout Possible Double Top\" class=\"wp-image-164508\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Breakout Possible Double Top<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> last week was a bull breakout bar closing near its high, so we might gap up on Monday.<\/li>\n\n\n\n<li>It is the largest bar late in a trend, so traders will likely take profits next week.<\/li>\n\n\n\n<li>The bulls see a breakout above a wedge bottom and expect follow-through or a pullback to a breakout test with the September 12<sup>th<\/sup> high.<\/li>\n\n\n\n<li>It is a 6-bar bull micro channel, so traders expect the first reversal to be minor. They will also expect the first bar to go below the low of a prior bar to attract more buyers.<\/li>\n\n\n\n<li>It&#8217;s a big bull bar closing near its high so it is a buy signal, but traders should trade small and use a wide stop, look to scale in lower to increase probability.<\/li>\n\n\n\n<li>For the bulls, it is a spike, and they will be looking for a spike and channel. All traders will expect some kind of second leg, even if it is small \/ one bar.<\/li>\n\n\n\n<li>The bears see a broad bear channel, a lower low and a deep pullback but have not seen a break of a major lower high. <\/li>\n\n\n\n<li>They will look to short around the June 6<sup>th<\/sup> high, betting that bulls will have to risk too much to create follow-through to break above.<\/li>\n\n\n\n<li>But the channel is tight enough so that it might form a bull leg in a trading range &#8211; this is reasonable because many months have been a trading range. A weak second entry sell might attract sellers.<\/li>\n\n\n\n<li>The bulls want a breakout test to remain above the moving average and the breakout point.<\/li>\n\n\n\n<li>The bears want a buy climax and a strong reversal down.<\/li>\n\n\n\n<li>The March 28<sup>th<\/sup> high would be a stretch goal for the bulls and the underside of the previous trading range they broke out of.<\/li>\n\n\n\n<li>Most traders should be long or flat. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> DAX chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through.jpg\" alt=\"DAX 40 Bull Breakout With Follow Through\" class=\"wp-image-164515\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-With-Follow-Through-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Breakout With Follow Through<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a bull reversal bar, a doji on Friday, a pause bar, and a bull follow through bar after a breakout.<\/li>\n\n\n\n<li>It is a tight bull channel, a possible breakout above a wedge and a buy climax, where the price is sucked up to the highs where bears will sell.<\/li>\n\n\n\n<li>There were several gaps above the price last week, and we have closed many of them.<\/li>\n\n\n\n<li>We are also at two important measured move targets. Traders might expect profit-taking next week.<\/li>\n\n\n\n<li>For the bulls, it is always in long in a tight bull channel and with over 20 bars above the moving average, it is climactic, so likely to expect a pullback, perhaps two legs sideways to down soon.<\/li>\n\n\n\n<li>It is a bull reversal bar, so it is an ok sell signal. Better to sell below a bear bar closing on its lows.<\/li>\n\n\n\n<li>The channel is tight, so traders expect the first reversal to be minor. There are probably buyers not far below.<\/li>\n\n\n\n<li>The bulls want to close all the gaps above and get back into the trading range above &#8211; but that might be too far without a higher low.<\/li>\n\n\n\n<li>Look left, it is a trading range, so no matter how tight the channel looks, reversals and disappointment is common in a trading range. Traders should buy low, sell high and scalp (BLSHS.)<\/li>\n\n\n\n<li>Bears see a bull leg in a trading range and are waiting for a sell signal, or even better a second sell signal to go short.<\/li>\n\n\n\n<li>Most traders should be long or flat.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":164508,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1698,136],"tags":[1700],"class_list":{"0":"post-164450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dax-40","8":"category-analysis","9":"tag-dax-40","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/11\/DAX-40-Bull-Breakout-Possible-Double-Top.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/164450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=164450"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/164450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/164508"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=164450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=164450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=164450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}