{"id":201113,"date":"2024-02-24T07:00:00","date_gmt":"2024-02-24T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=201113"},"modified":"2024-02-23T18:45:49","modified_gmt":"2024-02-24T02:45:49","slug":"dax-40-breakout-and-mm-ath","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-breakout-and-mm-ath\/","title":{"rendered":"DAX 40 Breakout and MM Targets Above, ATH"},"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 in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at the new highs. We are at one measured move for the bulls now and have more above. There are a lot of doji bars, so traders should be careful of buying too high.<\/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\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH.jpg\" alt=\"DAX 40 Breakout and MM Targets Above, ATH\" class=\"wp-image-201174\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Breakout and MM Targets Above, ATH<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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> moved higher with a strong bull bar closing on its high in a breakout.<\/li>\n\n\n\n<li>Bulls now have consecutive bars closing on their highs and above the MA, so always in long. Traders should expect sideways to up next week.<\/li>\n\n\n\n<li>The bulls see a breakout above a TR and expect a move up. They see a bull spike and channel, and traders will buy and scale in lower.<\/li>\n\n\n\n<li>Bears see a broader channel, with deep pullbacks, and are selling highs and scaling in higher. Most traders should not do this when the chart is sloping up.<\/li>\n\n\n\n<li>Bears tried to get a second entry sell, an attempt at a double top last week, but a lack of follow-through from the stop entry bears ended it.<\/li>\n\n\n\n<li>They were able to trigger a few bear bars by going below them. But once lower tails appear right above the MA, that is usually a sign of limit order trading and not strong reversal setups.<\/li>\n\n\n\n<li>After 6 consecutive bull bars in October, traders expected a second leg, and they are getting it. This leg should be sideways.<\/li>\n\n\n\n<li>The bulls want another strong close above the prior high for another open gap. Then they can defend a strong pullback.<\/li>\n\n\n\n<li>The bears want a reversal bar for a failed breakout above the ATH this week. This is a low-probability event right now. So if it sets up, it could go far.<\/li>\n\n\n\n<li>No sell signal for the bears, so traders are either 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-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH-680x383.jpg\" alt=\"\" class=\"wp-image-201179\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/02\/DAX-40-Second-Leg-Breakout-Open-Gaps-ATH.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Second Leg Breakout, Open Gaps, ATH<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\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> moved a new ATH on Friday again after a bull breakout on Thursday.<\/li>\n\n\n\n<li>Thursday was a large bar, so the follow-through is important.<\/li>\n\n\n\n<li>Bears needed a bear bar, a lower close than Thursday, but because of the gap up they didn&#8217;t get it.<\/li>\n\n\n\n<li>Bulls see a spike and channel on the HTF. <\/li>\n\n\n\n<li>In this second part of the move-up, they now have two legs. They probably need one more.<\/li>\n\n\n\n<li>The bulls have measured move targets above, but we will likely go sideways to up.<\/li>\n\n\n\n<li>The bears see a channel but see profit-taking at new highs and limit order bears making money. Most traders should not be selling new highs at the ATH.<\/li>\n\n\n\n<li>Many dojis on this timeframe, so we might form a parabolic wedge in either direction. This bull channel has a 75% chance of turning into a bear leg in a trading range.<\/li>\n\n\n\n<li>Bulls are buying above weak dojis, a sign of strong bulls.<\/li>\n\n\n\n<li>Bears probably got stuck last week, the bear doji was not a good sell signal, so most limit order bears would wait to sell higher.<\/li>\n\n\n\n<li>Bears need a failed breakout or a climactic move to go sideways and set up a second entry sell.<\/li>\n\n\n\n<li>It could be a small pullback bull trend. In hindsight, many of the recent bear bars were buy setups.<\/li>\n\n\n\n<li>Always in long, so better to be long or flat.<\/li>\n\n\n\n<li>Expect sideways to up next week.<\/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 in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":201174,"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-201113","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\/2024\/02\/DAX-40-Breakout-and-MM-Targets-Above-ATH.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\/201113","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=201113"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/201113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/201174"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=201113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=201113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=201113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}