Market Overview: DAX 40 Futures DAX futures increased last week with a strong buy signal, a High 2 buy setup, closing above the last strong bull bar in the prior spike. The bears tried to get a strong reversal, but you can see the tail below as traders tried to scale into another move. Some […]

Market Overview: DAX 40 Futures DAX futures moved lower last week in a bull flag with a bear doji. Sideways price action after a big move up. Price had a hard time getting through 17000 last time. The bulls want a good double bottom here to move higher. It’s still above the 200, so most […]

Market Overview: DAX 40 Futures DAX futures went sideways last week with an inside-outside-inside pattern (ioi.) The bulls see a final flag before one more leg up. The bears see a parabolic wedge, a tight channel up at the top of an expanding triangle. No good signals in 5 bars is TR price action, so […]

Market Overview: DAX 40 Futures DAX futures went lower last week with a bear outside down bar, after a big bull spike. It’s such a strong, bullish move, so there should be a second piece to it. The bears are trying to sell the double top here. They want a deep pullback and a continuation […]

Market Overview: DAX 40 Futures DAX futures moved higher last month, testing above the bear microchannel and creating a new ATH. It did not close strongly above the prior highs, leaving a small tail above. The bears didn’t get a sell signal, so we will likely continue higher to see what is above the highs. […]

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 […]

Market Overview: DAX 40 Futures DAX futures went sideways last week with the first reversal attempt by the bears high in a bull breakout – a bull microchannel. The market rushed strongly to 17000- so we went 2000 points straight up. The market might need to go sideways to work out the next direction. Bulls […]

Market Overview: DAX 40 Futures DAX futures hit a new All Time High on Wednesday and then again on Friday. It’s strongly bullish but also at the top of an expanding triangle, so far away stop, traders should consider trading another timeframe where they can manage risk more easily. But until the bears do something, […]

Market Overview: DAX 40 Futures DAX futures had a bull trend bar last month, closing on its high. It is a buy signal for next month, but the 1:1 target would be a new ATH. It is also reasonable that if we get up to the high of that sell climax, those 3 bear bars, […]

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 […]