Market Overview: DAX 40 Futures DAX futures continued up last week with a breakout follow-through, creating a microchannel (MC) with a breakout gap (BO Gap.) We are always in long, so traders should be long or flat. Now we have a small signal bar – small risk. That increases the chance of a test above […]
DAX 40 Bull Breakout and FT, Testing TTR
Market Overview: DAX 40 Futures DAX futures rocketed higher last week with a bull breakout, 5 bull days reaching a measured move target. It was 3 pushes down, a wedge bottom and a test of the swing low in a trading range. A type of double-bottom buy setup. But the failed sell signals on the […]
DAX 40 Strong Reversal Up, Weak FT, Head to MA
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji – weak follow-through after a strong reversal up. The bulls want a move back to the MA, which is likely with such a bull trend bar. Some bears will sell the MA, while others are trapped trying to sell above […]
DAX 40 Bear Spike, Breaking Swing Low, TR
Market Overview: DAX 40 Futures DAX futures printed 3 bear bars on the monthly chart, a bear spike, for the first time since 2019. When the market has a moment of clarity, it usually pulls back. When it doesn’t, it creates a magnet to test later. We’re low in a tight bull channel, so traders […]
DAX 40 Breakout Below a Wedge, MM Target, AIS
Market Overview: DAX 40 Futures The DAX future chart has a breakout below a wedge on the weekly chart. It was a bear bar following another bear bar, so there was nothing to buy here. The stop is far away, and no opposite signals yet, so the probability is to lower prices. We might need […]
DAX 40 Measured Move Down, Middle of Broad Bull Channel
Market Overview: DAX 40 Futures DAX futures moved lower last week with a give-up bar, and so are going for a measured move down. The bulls tried to get a wedge bottom reversal or a High 2, but both failed, and no one wanted to buy the weak signal. It is close to support and […]
DAX 40 Sideways at Bear Swing Target, Gap Closed
Market Overview: DAX 40 Futures DAX futures moved sideways last week, low in a trading range at the prior swing low. The bears closed the last gaps and have struggled to get a break below this possible wedge bottom channel line. Bulls want to buy, but it is still a low-probability trade until a good […]
DAX 40 Wedge Bull Flag, Bear BO or Bigger ET?
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear bar in what looks like a wedge bull flag. But it is confusing, for some traders it is always in short. Because we broke below the swing low, tested and now are moving down below the MA. For other […]
DAX 40 Dueling Lines, Wedge Top to a DT, Pullback to MA
Market Overview: DAX 40 Futures DAX futures was a dueling lines pattern last month, three pushes up a wedge top to a DT. It was a weak sell signal, but triggering a sell, high in a possible TR, and after three bull pushes up, might attract bear swing sellers. Some bulls are scaling in below […]
DAX 40 Surprise DT Bear Flag, Bear Bar Below MA
Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
