{"id":196385,"date":"2023-12-23T07:00:00","date_gmt":"2023-12-23T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=196385"},"modified":"2023-12-23T01:42:34","modified_gmt":"2023-12-23T09:42:34","slug":"dax-40-low-1-buy-in-bull","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-low-1-buy-in-bull\/","title":{"rendered":"DAX 40 Low 1 Buy in Bull Microchannel, 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> went sideways with a Low 1 in a Bull Microchannel. It was a failed breakout above the prior trading range, but most traders expect more now or after a short pause. Because bulls have a higher probability, their stop is far away, and they need a higher low to move it up. Bears their higher low to fail and get a failed High 1 move back to the MA.<\/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\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top.jpg\" alt=\"DAX 40 Low 1 Buy in Bull Microchannel, Double Top\" class=\"wp-image-196453\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-Double-Top-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Low 1 Buy in Bull Microchannel, 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\" rel=\"noopener\">DAX 40 futures<\/a> went sideways last week with a Low 1 buy in a bull microchannel.<\/li>\n\n\n\n<li>We got a new all-time high &#8211; ATH &#8211; and might need to go sideways for traders to decide if this is a breakout and measured move up or test back down.<\/li>\n\n\n\n<li>We are always in long, so it is better to be long or flat.<\/li>\n\n\n\n<li>Some traders see a parabolic wedge top. Three pushes with small pauses between. Traders will expect two legs sideways to down, and then trend resumption is likely.<\/li>\n\n\n\n<li>But bears see an expanding triangle. So, they are expecting High 1&#8217;s to fail. Most traders should not sell until bears close a gap or get a reasonable second entry short.<\/li>\n\n\n\n<li>Bulls see a tight channel up and open gaps. So very high likelihood of a second leg up.<\/li>\n\n\n\n<li>Bulls want a tail below to get in more bulls and start a move up, but it is a weak High 1 buy now. Some bulls will wait for the High 2 to set up or a bull bar to buy above.<\/li>\n\n\n\n<li>Weak sell below the Low 1 and weak buy above the bar, so probably sideways next week.<\/li>\n\n\n\n<li>Bears want a give-up bar down to the low of the big bull bar to the left. That would encourage bears to scale in above.<\/li>\n\n\n\n<li>Long traders needed an opposite bar to take profit, but last week was not strongly down. They might take profit under this week.<\/li>\n\n\n\n<li>Some limit order traders will expect faders to get disappointed. So they will enter within a 1:1 of that bear bar to get a discount.<\/li>\n\n\n\n<li>We are also far away from the MA. We never returned to it six weeks ago, and traders might wonder if we need to return there first.<\/li>\n\n\n\n<li>Some bears got stuck fading the move up and scaled in higher. They want it to return to the 50% point between their two entries. But they don&#8217;t have a good signal to fade yet. The pain trade would be higher.<\/li>\n\n\n\n<li>Bears see an expanding triangle, and selling above here was profitable three times previously. <\/li>\n\n\n\n<li>They will likely continue doing it until they get stuck fading the highs of this range.<\/li>\n\n\n\n<li>Expect sideways to up 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\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout.jpg\" alt=\"DAX 40 Two Legs Sideways to Down, High in Bull Breakout\" class=\"wp-image-196459\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/12\/DAX-40-Two-Legs-Sideways-to-Down-High-in-Bull-Breakout-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Two Legs Sideways to Down, High in Bull Breakout<\/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> went sideways with a pair of dojis to end the week.<\/li>\n\n\n\n<li>After such a strong breakout traders expected to go sideways once reaching the 17000 Big Round Number.<\/li>\n\n\n\n<li>It is a very tight channel for the bulls, and for the first time, it made sense to take profit in many bars.<\/li>\n\n\n\n<li>Some bulls were looking for a place to buy below but were forced to buy higher than they would like.<\/li>\n\n\n\n<li>Other bulls want a chance to buy the MA and might get a chance next week.<\/li>\n\n\n\n<li>The bears see the top of a trading range and have many open gaps below. They want a good bear bar to sell above and a reasonable sell signal to trigger. So far, they haven&#8217;t got anything significant.<\/li>\n\n\n\n<li>With such a strong move, most traders will expect a double top to form before counter-trend traders get a chance to get a good position. <\/li>\n\n\n\n<li>Bears broke a trendline, so a test of the highs is likely to follow next. 75% chance the bear channel breaks back up.<\/li>\n\n\n\n<li>The bull move was so climactic that the bears wanted a big move back down. But it is more likely there will be buyers at the MA.<\/li>\n\n\n\n<li>Several inside bars and outside bars, so we might have begun a trading range for 10 &#8211; 20 bars. <\/li>\n\n\n\n<li>Most traders should only be looking to get long or stay flat.<\/li>\n\n\n\n<li>Expect sideways to up next week with a test of the MA.<\/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 went sideways with a Low 1 in a Bull Microchannel. It was a failed breakout above the prior trading range, but most traders expect more now or after a short pause. Because bulls have a higher probability, their stop is far away, and they need a higher low [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":196453,"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-196385","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\/12\/DAX-40-Low-1-Buy-in-Bull-Microchannel-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\/196385","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=196385"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/196385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/196453"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=196385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=196385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=196385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}