{"id":214678,"date":"2024-08-10T07:00:00","date_gmt":"2024-08-10T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=214678"},"modified":"2024-08-10T19:11:50","modified_gmt":"2024-08-11T02:11:50","slug":"dax-40-bull-reversal-bar-mm","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/dax-40-bull-reversal-bar-mm\/","title":{"rendered":"DAX 40 Bull Reversal Bar at Measured Move Target"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> rose last week with a reversal bar at a measured move target. The bears needed good follow-through under that bar. But you can see a lot of traders scalped the targets below. We might need to come back up to find more sellers. 18000 was support for many bars, and I think we will go back there to see if traders will sell it again.<\/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\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target.jpg\" alt=\"DAX 40 Bull Reversal Bar at Measured Move Target\" class=\"wp-image-214799\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Reversal Bar at Measured Move Target<\/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><span style=\"margin: 0px;padding: 0px\">Last week, the\u00a0<a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noopener\">DAX 40 futures<\/a>\u00a0chart\u00a0<\/span>was a bull reversal bar closing on its high with a big tail below.<\/li>\n\n\n\n<li>The bears hit their measured move target below and broke more swing points from the bull channel.<\/li>\n\n\n\n<li>We triggered a wedge top after 3 legs up, but it wasn&#8217;t a strong take-off. Most traders expected sideways, hence the several dojis.<\/li>\n\n\n\n<li>The bears had their first strong close below the MA in a long time.<\/li>\n\n\n\n<li>Bulls were expected to buy from them there.<\/li>\n\n\n\n<li>The Bears have an open breakout gap now with the range above. They want this to be the start of a bear spike and channel down.<\/li>\n\n\n\n<li>The bar is closing on its high, so it&#8217;s a weak sell above. I think the best the bulls can get in the short term is a gap close.<\/li>\n\n\n\n<li>If bears can get another good bear bar for a sell below and sell above, that would be ideal.<\/li>\n\n\n\n<li>Bulls want the opposite, a strong bull bar closing far above last week to scare the bears out.<\/li>\n\n\n\n<li>The bulls see a lower-low double bottom, a test of the swing point, and they are looking for trend resumption back up the trading range&#8217;s high.<\/li>\n\n\n\n<li>The bull trend was strong and lasted many bars, so it is more likely to go sideways to up than straight down.<\/li>\n\n\n\n<li>If a bear sells below that bear bar, they are likely disappointed with the entry bar, but there is no reason to exit until it closes into the bar&#8217;s range.<\/li>\n\n\n\n<li>We might need to return to 18000 to see if traders will sell there again.<\/li>\n\n\n\n<li>It might have been a vacuum test of support, and we will head back to the MA again.<\/li>\n\n\n\n<li>Expect sideways 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\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA.jpg\" alt=\"DAX 40 Testing Prior Breakout Points, Bear Spike, 200 MA\" class=\"wp-image-214804\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/08\/DAX-40-Testing-Prior-Breakout-Points-Bear-Spike-200-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Testing Prior Breakout Points, Bear Spike, 200 MA<\/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> on Friday was a bull bar closing on its high below the 20 MA.<\/li>\n\n\n\n<li>The Bulls see a sell climax at the 200 MA, HTF support.<\/li>\n\n\n\n<li>The market often races to support or resistance and then stops.<\/li>\n\n\n\n<li>Bulls, who were looking for a trend resumption high, gave up on the idea and the buy orders appeared at breakout points below.<\/li>\n\n\n\n<li>Bears have a strong spike and want continuation into a bear channel, so they will probably get it. The problem is the distance from the MA.<\/li>\n\n\n\n<li>Selling here is a wide stop, and the breakout point and MA are far above.<\/li>\n\n\n\n<li>The bulls should probably get two more legs sideways to the top of the second-last bear bar in the spike.<\/li>\n\n\n\n<li>In a TTR, traders buy highs and lows. So, I think bulls are stuck under the low of the trading range and scaling in to get there.<\/li>\n\n\n\n<li>When they give up, the second leg down starts.<\/li>\n\n\n\n<li>The bulls went above an inside bar, breaking a swing high.<\/li>\n\n\n\n<li>The pain trade would be to just work higher in a small pullback bull trend trapping bear selling above.<\/li>\n\n\n\n<li>We are always short on this timeframe, so 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>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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: DAX 40 Futures DAX futures rose last week with a reversal bar at a measured move target. The bears needed good follow-through under that bar. But you can see a lot of traders scalped the targets below. We might need to come back up to find more sellers. 18000 was support for many [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":214799,"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-214678","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\/08\/DAX-40-Bull-Reversal-Bar-at-Measured-Move-Target.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\/214678","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=214678"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/214678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/214799"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=214678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=214678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=214678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}