DAX 40 Futures<\/h2>\n\n\n\nThe Weekly<\/em> DAX chart<\/h3>\n\n\n\n![\"Weekly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/03\/DAX-40-Futures-Weekly-Chart-Bull-Reversal-Up-from-200-week-MA-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- This week\u2019s DAX candlestick<\/a> was a large bull bar with a small tail on top. It’s bullish but not as bullish as it could be and it stopped at the 100-week MA.<\/li>
- It was a high 1 buy signal from last week and a rejection of the 200 week MA.<\/li>
- The bears see a pullback from a tight bear channel lasting 8 bars so they expect the first pullback to be minor and are looking for a second leg down to the February lows.<\/li>
- The bears also see a breakout of a 12-month trading range and now a pullback to test the breakout point at the base of that range.<\/li>
- The bulls see a deep pullback on a 2-year bull trend up from the COVID lows. They know such a long trend is more likely to become a trading range and a reasonable buy rather than convert to bear trend immediately. <\/li>
- Bears exited at a measured move target break of that tight trading range and bulls bought. <\/li>
- Near the top of a trading range is not great math for a buy, so it might be difficult to get bull follow-through here. They might give up and wait for a double bottom lower to buy again.<\/li>
- Big bars mean big risk which means traders should trade smaller and scale in.<\/li>
- Big bear bar 2 weeks ago, big bull bar this week. Big up, big down, big confusion. Lots of overlapping bars means we are likely in a trading range and will go sideways.<\/li>
- The bulls want a follow through bar next week back up to the tight trading range above to keep the trend intact. Though they might need to scale in lower.<\/li>
- Because it was a strong bull reversal it is not a great sell. Bears might wait for a week to pause before selling a low 1. <\/li>
- Because we are near the prior breakout point, it is not a great buy either, so likely we go sideways.<\/li>
- Even a push from the bulls up into that prior trading range could be the start of a broad bear channel and reasonable for bears to sell new highs. The best the bears can do after a 18 month bull trend is probably a bear leg in a trading range.<\/li><\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/03\/DAX-40-Futures-Daily-Chart-Bull-Channel-Reversal-Up-from-Sell-Climax-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- Friday\u2019s candlestick on the daily DAX chart was a small bullish hammer which failed to trade above Wednesday or Thursday, but got bought up from the 20-day MA.<\/li>
- It was a failed low L1 at the moving average.<\/li>
- Bears see it is the 9th<\/sup> bar of a TB2L – ten bars two legs reversal from a tight bear channel.<\/li>
- It could be the 3rd<\/sup> push up in a wedge setting up a possible low 2 at the moving average and reasonable sell signal. <\/li>
- Thursday was a gap bar and may also attract sellers who have been happy to sell below the average for over one month now. A chance to sell at a better price.<\/li>
- It is also the previous breakout point of the prior 6 month trading range and reasonable area to scale in short.<\/li>
- Bulls see a sell climax, failed break of a wedge reversal up from the Mar 7 low. They can see bulls bought below bars which indicates it is not yet as bearish as it could be.<\/li>
- Bears are looking for a broad bear channel after the spike with a test of the Mar 7 lows. They have the 50-day MA above which has been resistance for the last month.<\/li>
- Possibly both are going to be disappointed. Bears are likely to sell above bars and bulls are likely to buy below bars so we might go sideways.<\/li><\/ul>\n\n\n\n
Weekly Reports Archive<\/h3>\n\n\n\n
![\"Weekly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/03\/DAX-40-Futures-Weekly-Chart-Bull-Reversal-Up-from-200-week-MA.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- This week\u2019s DAX candlestick<\/a> was a large bull bar with a small tail on top. It’s bullish but not as bullish as it could be and it stopped at the 100-week MA.<\/li>
- It was a high 1 buy signal from last week and a rejection of the 200 week MA.<\/li>
- The bears see a pullback from a tight bear channel lasting 8 bars so they expect the first pullback to be minor and are looking for a second leg down to the February lows.<\/li>
- The bears also see a breakout of a 12-month trading range and now a pullback to test the breakout point at the base of that range.<\/li>
- The bulls see a deep pullback on a 2-year bull trend up from the COVID lows. They know such a long trend is more likely to become a trading range and a reasonable buy rather than convert to bear trend immediately. <\/li>
- Bears exited at a measured move target break of that tight trading range and bulls bought. <\/li>
- Near the top of a trading range is not great math for a buy, so it might be difficult to get bull follow-through here. They might give up and wait for a double bottom lower to buy again.<\/li>
- Big bars mean big risk which means traders should trade smaller and scale in.<\/li>
- Big bear bar 2 weeks ago, big bull bar this week. Big up, big down, big confusion. Lots of overlapping bars means we are likely in a trading range and will go sideways.<\/li>
- The bulls want a follow through bar next week back up to the tight trading range above to keep the trend intact. Though they might need to scale in lower.<\/li>
- Because it was a strong bull reversal it is not a great sell. Bears might wait for a week to pause before selling a low 1. <\/li>
- Because we are near the prior breakout point, it is not a great buy either, so likely we go sideways.<\/li>
- Even a push from the bulls up into that prior trading range could be the start of a broad bear channel and reasonable for bears to sell new highs. The best the bears can do after a 18 month bull trend is probably a bear leg in a trading range.<\/li><\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- Friday\u2019s candlestick on the daily DAX chart was a small bullish hammer which failed to trade above Wednesday or Thursday, but got bought up from the 20-day MA.<\/li>
- It was a failed low L1 at the moving average.<\/li>
- Bears see it is the 9th<\/sup> bar of a TB2L – ten bars two legs reversal from a tight bear channel.<\/li>
- It could be the 3rd<\/sup> push up in a wedge setting up a possible low 2 at the moving average and reasonable sell signal. <\/li>
- Thursday was a gap bar and may also attract sellers who have been happy to sell below the average for over one month now. A chance to sell at a better price.<\/li>
- It is also the previous breakout point of the prior 6 month trading range and reasonable area to scale in short.<\/li>
- Bulls see a sell climax, failed break of a wedge reversal up from the Mar 7 low. They can see bulls bought below bars which indicates it is not yet as bearish as it could be.<\/li>
- Bears are looking for a broad bear channel after the spike with a test of the Mar 7 lows. They have the 50-day MA above which has been resistance for the last month.<\/li>
- Possibly both are going to be disappointed. Bears are likely to sell above bars and bulls are likely to buy below bars so we might go sideways.<\/li><\/ul>\n\n\n\n
Weekly Reports Archive<\/h3>\n\n\n\n
- It could be the 3rd<\/sup> push up in a wedge setting up a possible low 2 at the moving average and reasonable sell signal. <\/li>