{"id":167493,"date":"2023-01-02T01:30:00","date_gmt":"2023-01-02T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=167493"},"modified":"2023-01-02T01:46:23","modified_gmt":"2023-01-02T09:46:23","slug":"dax-40-strong-bear-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-strong-bear-bar\/","title":{"rendered":"DAX 40 Strong Bear Bar above Moving Average"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> dipped lower last month back to the moving average with a DAX 40 strong bear bar. The bulls got a wedge bottom, and strong follow through so most traders will expect a second leg sideways to up. Bears will look to scale in higher above last month and some will wait for a second consecutive bear bar below this month. Most traders should be trading with stop orders so it is okay to get out below this month.<\/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>Monthly<\/em> DAX chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average.jpg\" alt=\"DAX 40 Strong Bear Bar Above Moving Average\" class=\"wp-image-167661\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Strong Bear Bar Above Moving Average<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/au.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a strong bear bar closing near its low.<\/li>\n\n\n\n<li>It follows two large consecutive bull bars, which was a surprise. Some traders will expect a second leg sideways to up.<\/li>\n\n\n\n<li>The bulls see a wedge bottom, three pushes down and a bull surprise. Last month, they saw a pullback and might buy below the bar or at a 50% pullback.<\/li>\n\n\n\n<li>The bears see a possible double top bear flag from a strong bear leg.<\/li>\n\n\n\n<li>Look left. It is a tight trading range so we might find buyers below this week and sellers above. Tight trading ranges are magnets.<\/li>\n\n\n\n<li>The bulls want another buy signal next week, a High 1 buy setup. They know some bears are trapped below, so they are willing to scale in lower.<\/li>\n\n\n\n<li>Bears want a follow-through bar. They saw we were always in short from all-time highs and wanted another leg down.<\/li>\n\n\n\n<li>Bulls will get out below the bear bar, or some will scale in lower. They are betting we won&#8217;t go much below the two strong bull bars.<\/li>\n\n\n\n<li>It&#8217;s okay to scalp short below, but most traders should wait for a higher probability short, two consecutive bear bars closing near their lows.<\/li>\n\n\n\n<li>Bears might also see a failed breakout above the prior highs &#8211; so they will trade it like a trading range, selling above last week, betting they can go back to breakeven on their first entry and make money selling higher.<\/li>\n\n\n\n<li>The probability is to the long side, protective stop below the 2 bull bars. Probably closer to 50%, as we are in the middle of the range.<\/li>\n<\/ul>\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\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average.jpg\" alt=\"DAX 40 Bull Spike and Pullback to Moving Average\" class=\"wp-image-167704\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Bull-Spike-and-Pullback-to-Moving-Average-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Spike and Pullback to Moving Average<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/au.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a small bear inside bar, just above the moving average.<\/li>\n\n\n\n<li>The bulls see a bull spike and are looking for the pullback to end for the start of the channel.<\/li>\n\n\n\n<li>They expect a second leg after such a strong bull micro channel.<\/li>\n\n\n\n<li>Bulls will look to buy at the moving average, above a decent bull bar or at 50% from the start of the spike.<\/li>\n\n\n\n<li>The bears see a lower high in a bear channel or the top of a trading range. They want a double top or a reasonable sell signal.<\/li>\n\n\n\n<li>The bears see consecutive weekly bear bars with follow-through, so perhaps there will be a little more sideways to down before the bulls commence buying.<\/li>\n\n\n\n<li>If you are confused, it is more likely a trading range. Prices tend to overlap breakout points in a trading range as everything gets tested.<\/li>\n\n\n\n<li>Before continuing higher, we might have a deeper pullback to the prior breakout point.<\/li>\n\n\n\n<li>Bulls want to stay above the September 12<sup>th<\/sup> high to trap bears short and get a stronger second leg. But the bulls have struggled all year to break out of this range.<\/li>\n\n\n\n<li>It&#8217;s a series of small bear bars, so it is a weak sell and a weak buy. A tight trading range is breakout mode, and most traders should wait for a clear resumption of the trend, or a reasonable stop order short.<\/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 dipped lower last month back to the moving average with a DAX 40 strong bear bar. The bulls got a wedge bottom, and strong follow through so most traders will expect a second leg sideways to up. Bears will look to scale in higher above last month and [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":167661,"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":[1700,1347],"class_list":{"0":"post-167493","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":"tag-pullback","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/DAX-40-Strong-Bear-Bar-Above-Moving-Average.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\/167493","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=167493"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/167493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/167661"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=167493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=167493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=167493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}