DAX 40 Futures<\/h2>\n\n\n\nThe Weekly<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/03\/DAX-futures-40-Weekly-Chart-Doji-Bar-Pausing-at-the-100-week-MA-680x381.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- This week\u2019s DAX candlestick<\/a> was a doji bar pausing at the 100-week MA, just below prior breakout point.<\/li>
- It traded just above last week’s bar creating a high 1 buy signal, although it closed bearish. This might setup a failed buy signal into next week.<\/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 a bear trend immediately.\u00a0<\/li>
- If we trade below next week we have a reasonable low 1 sell signal for a move down to the lows.<\/li>
- Because we are at the prior breakout point of the trading range, the bulls will need a strong move to convince traders we are going higher. The best they might get is a bull leg in a trading range. They might keeping buying below.<\/li>
- The bears know this and there will likely be sellers above.<\/li>
- With sellers above and buyers below, it is likely we will go sideways next week while traders decide.<\/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-futures-40-Daily-Chart-Tight-Trading-Range-below-50-day-MA-680x380.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- Friday’s DAX candlestick was a small bull bar in the middle of a 9-day tight trading range.<\/li>
- Wednesday was a failed low 2 sell signal that rejected the 20-day MA.<\/li>
- The bulls see a final flag for a 3rd<\/sup> push up from a possible wedge from the March 7th<\/sup> low.<\/li>
- The bears see a tight bear channel break of a trading range and the 2nd<\/sup> leg sideways to up before another reversal down.<\/li>
- Tight trading ranges are breakout mode patterns and 80% of breakouts fail so we could see many tails next week as traders decide.<\/li>
- If the bulls can break above the 50-week MA that might convince traders we failed to breakout of the range above and look to test the highs again. The best they might get is a bull leg in a trading range.<\/li>
- If the bears can get a reasonable low 2, or at least a pair of consecutive bear bars that might convince traders we have started the 2nd<\/sup> leg back down to March lows.<\/li>
- It’s not a reasonable buy or sell signal for beginners and most traders should wait until there is follow-through next week to avoid getting caught in failed breakouts.<\/li>
- Because it is a tight trading range, in a larger trading range, traders will BLSH (Buy low sell high and scalp) and take quick profits.<\/li><\/ul>\n\n\n\n
Market analysis reports archive<\/h2>\n\n\n\n
![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/03\/DAX-futures-40-Weekly-Chart-Doji-Bar-Pausing-at-the-100-week-MA.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- This week\u2019s DAX candlestick<\/a> was a doji bar pausing at the 100-week MA, just below prior breakout point.<\/li>
- It traded just above last week’s bar creating a high 1 buy signal, although it closed bearish. This might setup a failed buy signal into next week.<\/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 a bear trend immediately.\u00a0<\/li>
- If we trade below next week we have a reasonable low 1 sell signal for a move down to the lows.<\/li>
- Because we are at the prior breakout point of the trading range, the bulls will need a strong move to convince traders we are going higher. The best they might get is a bull leg in a trading range. They might keeping buying below.<\/li>
- The bears know this and there will likely be sellers above.<\/li>
- With sellers above and buyers below, it is likely we will go sideways next week while traders decide.<\/li><\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- Friday’s DAX candlestick was a small bull bar in the middle of a 9-day tight trading range.<\/li>
- Wednesday was a failed low 2 sell signal that rejected the 20-day MA.<\/li>
- The bulls see a final flag for a 3rd<\/sup> push up from a possible wedge from the March 7th<\/sup> low.<\/li>
- The bears see a tight bear channel break of a trading range and the 2nd<\/sup> leg sideways to up before another reversal down.<\/li>
- Tight trading ranges are breakout mode patterns and 80% of breakouts fail so we could see many tails next week as traders decide.<\/li>
- If the bulls can break above the 50-week MA that might convince traders we failed to breakout of the range above and look to test the highs again. The best they might get is a bull leg in a trading range.<\/li>
- If the bears can get a reasonable low 2, or at least a pair of consecutive bear bars that might convince traders we have started the 2nd<\/sup> leg back down to March lows.<\/li>
- It’s not a reasonable buy or sell signal for beginners and most traders should wait until there is follow-through next week to avoid getting caught in failed breakouts.<\/li>
- Because it is a tight trading range, in a larger trading range, traders will BLSH (Buy low sell high and scalp) and take quick profits.<\/li><\/ul>\n\n\n\n
Market analysis reports archive<\/h2>\n\n\n\n
- The bears see a tight bear channel break of a trading range and the 2nd<\/sup> leg sideways to up before another reversal down.<\/li>