{"id":187777,"date":"2023-08-26T07:00:00","date_gmt":"2023-08-26T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=187777"},"modified":"2023-08-25T22:53:25","modified_gmt":"2023-08-26T05:53:25","slug":"dax-40-pullback-after-ais","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-pullback-after-ais\/","title":{"rendered":"DAX 40 Pullback After AIS or Wedge Bull Flag? TR"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> moved sideways last week with a pullback after potentially going always in short. Most traders will wait to see if there is a second leg they can participate in or wait for a buy signal low in a TR. Bulls will still get a MA Gap bar buy setup but it might only be for a scalp on this timeframe. Bears closed the gap so now sellers above which will limit the upside.<\/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\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR.jpg\" alt=\"DAX 40 Pullback After AIS or Wedge Bull Flag? TR\" class=\"wp-image-187844\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Pullback After AIS or Wedge Bull Flag? TR<\/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 pullback, a small inside bar after a strong bear leg down.<\/li>\n\n\n\n<li>It is an inside bar which is a weak signal in either direction.<\/li>\n\n\n\n<li>It is the 2<sup>nd<\/sup> consecutive bear bar, which is larger and the 2nd close below the MA. But the context is not great for a sell swing here.<\/li>\n\n\n\n<li>Most bears will wait for the bull pullback to fail and sell above or sell on the momentum if we break strongly below 2 weeks ago.<\/li>\n\n\n\n<li>The bulls see a tight channel and at least 3 legs up, so it was expected to go sideways.<\/li>\n\n\n\n<li>The bulls also see the expanding triangle, which often becomes continuation patterns in trends. So, there are likely buyers below.<\/li>\n\n\n\n<li>The week prior was a sell climax &#8211; it rapidly accelerated below the small bear channel. Bulls who bought there made money.<\/li>\n\n\n\n<li>Bulls that faded that bear doji made money &#8211; so limit order trading is another reason against taking short trend entries.<\/li>\n\n\n\n<li>Last week was a weak buy signal, so sellers above is more likely.<\/li>\n\n\n\n<li>Bears wanted a better close below &#8211;  a BO and FT, but they didn&#8217;t get it. The risk now is if bears don&#8217;t sell strongly here, then a TR is more likely, and we will probably go back up.<\/li>\n\n\n\n<li>Bulls are concerned about the large gaps below as vacuums for price. So they will need to trade small and scale-in if it moves strongly down.<\/li>\n\n\n\n<li>We are probably always in short &#8211; even though the context for buying is still reasonable. Better to be short or flat. <\/li>\n\n\n\n<li>When you have good reasons to be short and long &#8211; it&#8217;s better to trade it as a TR and fade stop entries.<\/li>\n\n\n\n<li>Most traders should wait for a reasonable stop entry in either direction. Consecutive bear bars closing below the MA. Or a second entry long for a test of the high.<\/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\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500.jpg\" alt=\"DAX 40 Third Push Down or Weak DB to Test 15500\" class=\"wp-image-187849\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Third-Push-Down-or-Weak-DB-to-Test-15500-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Third Push Down or Weak DB to Test 15500<\/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> chart was a bull inside bar on Friday. So, likely buyers below and sellers above.<\/li>\n\n\n\n<li>If you extend a few trendlines across it looks like we need to go and test 15500.<\/li>\n\n\n\n<li>In comparison to the weekly chart &#8211; this is a bit more interesting!<\/li>\n\n\n\n<li>The bears see at least 2 legs down and might get a third. This would form a possible wedge reversal long setup.<\/li>\n\n\n\n<li>We broke strongly below the MA and git follow-through. This trapped-in bulls trying to scale in and created resistance above for bears to sell.<\/li>\n\n\n\n<li>It is an expanding triangle on this timeframe and we already got another LL. So it is 5 legs. Will we break below the low and get a move down? Or is this the test and reverse up?<\/li>\n\n\n\n<li>Thursday was a bearish outside bar, so likely sellers above. <\/li>\n\n\n\n<li>Look left &#8211; how many bull bars close above other bull bars? None? The bull bars don&#8217;t have good follow-through buying. This says to me we need to go lower.<\/li>\n\n\n\n<li>So if you do feel like getting long, it has to be at the lows and scaling in lower if at all.<\/li>\n\n\n\n<li>Bulls see a final flag, a TTR, and maybe this was the third leg. We tested the range, but they need a DB to get a good move back up. At the moment it looks more like a wedge that can fail and go lower.<\/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 sideways last week with a pullback after potentially going always in short. Most traders will wait to see if there is a second leg they can participate in or wait for a buy signal low in a TR. Bulls will still get a MA Gap bar buy [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":187844,"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-187777","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\/2023\/08\/DAX-40-Pullback-After-AIS-or-Wedge-Bull-Flag-TR.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\/187777","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=187777"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/187777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/187844"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=187777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=187777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=187777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}