{"id":153092,"date":"2022-06-04T07:00:00","date_gmt":"2022-06-04T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=153092"},"modified":"2022-06-04T01:54:18","modified_gmt":"2022-06-04T08:54:18","slug":"dax-40-prior-breakout-point","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-prior-breakout-point\/","title":{"rendered":"DAX 40 bull bar at prior breakout point"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> was a bull bar at a prior breakout point and at the moving average. It&#8217;s a tight trading range on the lower timeframes as traders decide where we are going. The bulls see a weekly major trend reversal and a developing small pullback bull channel. The bears see we have multiple prices for possible double top sells. This trading range behavior will likely lead us sideways with a possible inside bar next month.<\/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>Monthly<\/em> DAX chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1.jpg\" alt=\"DAX 40 Monthly Chart Bull Bar at a Prior Breakout Point\" class=\"wp-image-153139\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption><strong>DAX 40 Bull Bar at Prior Breakout Point<\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30\" target=\"_blank\" rel=\"noreferrer noopener\">Dax 40 futures<\/a> was a bull bar at a prior breakout point of January 2021.<\/li><li>We traded below April but closed above it with a small tail on top suggesting indecision by traders. We closed at the 20-Month moving average (MA)<\/li><li>For the bulls, it is a High 1 at the moving average which is a reasonable buy signal.\u00a0<\/li><li>April was the first moving average gap bar (a bar completely below the moving average) since May 2020. As bulls have been happy to pay above-average prices for 2 years we could have expected them to buy here.<\/li><li>Bulls bought below the bars, not above, suggesting limit order trading and scale in bulls. They see a two-legged pullback from a two-year bull trend and might want a high 2 stop entry to buy to get long again.<\/li><li>The bears see a failed breakout above a final flag, a tight trading range at the end of the trend and a measured move lower. They see we are stalling at the prior breakout point at January 2021.<\/li><li>We have spent 4 months around this price, it could be the middle of a developing trading range so we can expect sellers above bars and buyers below bars, this remains true.<\/li><li>The bulls want a strong follow-through bar to convince traders we will go higher. It is a major trend reversal on a lower timeframe. They see a double bottom with March and the bull Bar at a prior breakout point, so they need confirmation.<\/li><li>The bears see that the second leg down has not been completed yet and there will be sellers above the high of prior bars so expect sideways to down.<\/li><\/ul>\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\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1.jpg\" alt=\"DAX 40 Weekly Chart Moving Average Gap Bar in Bear Channel\" class=\"wp-image-153132\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Moving-Average-Gap-Bar-in-Bear-Channel-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>DAX 40 Moving Average Gap Bar in Bear Channel<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30\" target=\"_blank\" rel=\"noreferrer noopener\">Dax 40 futures<\/a> weekly chart bar was a small bear doji and a moving average gap bar in a bear channel<\/li><li>It was a pause bar at the moving average after a strong bull breakout suggesting it is not as bullish as it could be.<\/li><li>The bulls see a higher low double bottom \/ major trend reversal off the 200-week moving average. They see a High 3, wedge breakout and we respected the prior breakout point below as support.\u00a0<\/li><li>The bulls see a final break through the bear channel and now we are testing the prior breakout point above. <strong>Will it be resistance?<\/strong><\/li><li>The bears see a broad bear channel becoming a trading range and expect the best the bulls can get here is a bull leg in a developing trading range.<\/li><li>The bulls might buy a Low 1, but at the top of a trading range, it is a more reliable sell signal, not a buy.<\/li><li>The bears want to sell a Low 1 or Low 2, but after 2 very strong bull bars they might sell above bars instead and scale in.<\/li><li>Traders have been selling below the average price for 20 weeks, so we can expect sellers to come in at this price &#8211; but they haven\u2019t yet.<\/li><li>Look left, this is the 3<sup>rd<\/sup> week in 3 months where we have had a small doji at this price level. That tells us we have a tight trading range, an area of agreement and this is now a magnet for any trading to come back to.\u00a0<\/li><li>The bears want an outside-down bar to check there aren\u2019t any buyers above before a stop entry sell to move back down to the May 9<sup>th<\/sup> lows. A strong bear close would be ideal for them.<\/li><li>Even with a strong bear bar, the bulls might see it as a breakout pullback test of the trend line.<\/li><li>If we get another doji next week, with a higher close that is good for the bulls. Then traders will expect two legs from the double bottom. Bears might not sell again until the March 28<sup>th<\/sup> high.<\/li><li>If you look back on the chart to when we had bull bar &#8211; doji &#8211; bull bar &#8211; doji, it moved into a trading range. So sideways to up is more likely next week.<\/li><\/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","protected":false},"excerpt":{"rendered":"<p>Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point and at the moving average. It&#8217;s a tight trading range on the lower timeframes as traders decide where we are going. The bulls see a weekly major trend reversal and a developing small pullback bull channel. The bears see [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":153139,"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-153092","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\/2022\/06\/DAX-40-Bull-Bar-at-a-Prior-Breakout-Point-1.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/153092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=153092"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/153092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/153139"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=153092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=153092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=153092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}