{"id":188880,"date":"2023-09-09T07:00:00","date_gmt":"2023-09-09T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=188880"},"modified":"2023-09-09T05:01:25","modified_gmt":"2023-09-09T12:01:25","slug":"dax-40-bear-close-under-ma","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-bear-close-under-ma\/","title":{"rendered":"DAX 40 Bear Close Under MA &#8211; 2nd Leg Down or Reversal"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DAX futures<\/strong> moved sideways to down last week with a bear close under the MA but could not get far below just yet. The bulls want this to be a bull flag, and then BO and move back to test the highs. The bears see a HTF trading range, and we are at the highs, so the math favours selling. But did they take out any &#8216;significant higher lows&#8217; yet? They have barely closed the closest gaps, that&#8217;s why there is hesitation perhaps.<\/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\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal.jpg\" alt=\"DAX 40 Bear Close Under MA - 2nd Leg Down or Reversal\" class=\"wp-image-188994\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bear Close Under MA &#8211; 2nd Leg Down or Reversal<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" rel=\"noopener\">DAX 40 futures<\/a> had a small bear close under the MA.<\/li>\n\n\n\n<li>The bulls see a bull channel, an expanding triangle and as we are going sideways &#8211; maybe for too many bars now &#8211; it&#8217;s probably 50\/50.<\/li>\n\n\n\n<li>Bulls want a 20-bar MA Gap buy setup to form so they can get a test of the high.<\/li>\n\n\n\n<li>But 3 bear bars down is disappointing, so if we do get up there, we can expect sellers above.<\/li>\n\n\n\n<li>Bulls are disappointed with the tails on the bars over the past few weeks &#8211; they might be expecting the bears to get one more leg.<\/li>\n\n\n\n<li>The bears see a failed BO above the ATH, a DT and a test, so a wedge top. But they need a LH before they can do too much damage.<\/li>\n\n\n\n<li>We might be forming a bull flag, and bears want a break below it &#8211; which happens less frequently. Sealing it requires a BO and FT below the lowest bull bar. <\/li>\n\n\n\n<li>The bulls will probably get to scalp out and then move down.<\/li>\n\n\n\n<li>It is a triangle, so we went above the highs and below the lows &#8211; mostly limit order traders now. <\/li>\n\n\n\n<li>Most traders should wait for a reasonable sell setup below the MA or a good buy setup above the MA. A bear close below the MA is good, but the tail reduces the probability.<\/li>\n\n\n\n<li>Limit order traders will probably buy below the inside bar from 2 weeks ago, betting the BO won&#8217;t go far.<\/li>\n\n\n\n<li>I think 15500 will need to get tested, as there are a couple of trendline projections and magnets below. A big tail and a reversal would be a good buy setup if the bulls are there.<\/li>\n\n\n\n<li>Expect sideways to down next week.<\/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\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal.jpg\" alt=\"DAX 40 Bear Microchannel, Weak Buy Signal\" class=\"wp-image-188999\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Microchannel-Weak-Buy-Signal-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bear Microchannel, Weak Buy Signal<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" rel=\"noopener\">DAX 40 futures<\/a> was a small bull doji with a big tail below on Friday. <\/li>\n\n\n\n<li>It is a weak buy signal so that more sellers might be above.<\/li>\n\n\n\n<li>It is a bear microchannel, and the H1 fade was a good trade. Will there be a small second leg or was that it?<\/li>\n\n\n\n<li>The bulls see a strong level of support here, so there are probably buyers below somewhere.<\/li>\n\n\n\n<li>The bulls got a strong bull microchannel with gaps breaking above the MA so we can expect buyers below that. <\/li>\n\n\n\n<li>But 5 bear bars down is disappointing, so they might not stay past the top of the climax &#8211; even with the bear close.<\/li>\n\n\n\n<li>Bulls still have gaps below, and the HTF will have strong buying pressure &#8211; but for now, the trading range price action is expanding and might need to go down to find more buyers.<\/li>\n\n\n\n<li>Bulls see a possible MTR, a HL DB and the bull leg broke the trendline, so they want a bigger leg than before. So far, there is no buy signal for them just yet.<\/li>\n\n\n\n<li>Most traders should wait for a strong buy signal above the MA.<\/li>\n\n\n\n<li>For sellers, there are likely buyers below that tail, so they might need to wait for something more conclusive.<\/li>\n\n\n\n<li>Bulls have a H2 setup, but might need consecutive bars to convince traders to swing up. The first reversal might be minor.<\/li>\n\n\n\n<li>Expect sideways to down next week. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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 to down last week with a bear close under the MA but could not get far below just yet. The bulls want this to be a bull flag, and then BO and move back to test the highs. The bears see a HTF trading range, and [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":188994,"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":["post-188880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dax-40","category-analysis","tag-dax-40","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/09\/DAX-40-Bear-Close-Under-MA-2nd-Leg-Down-or-Reversal.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\/188880","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=188880"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/188880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/188994"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=188880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=188880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=188880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}