{"id":154753,"date":"2022-06-25T07:00:00","date_gmt":"2022-06-25T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=154753"},"modified":"2022-06-25T02:20:39","modified_gmt":"2022-06-25T09:20:39","slug":"dax-13000-big-round-number","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-13000-big-round-number\/","title":{"rendered":"DAX 40 double bottom at 13000 big round number"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DAX futures<\/strong> was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High 1 buy signal this week will likely lead us back up to the middle of the range where we might remain.<\/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>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-Weekly-Double-Bottom-at-13000-Big-Figure.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure.jpg\" alt=\"DAX 40 Weekly Chart Double Bottom at 13000 Big Round Number\" class=\"wp-image-154800\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>DAX 40 Weekly Double Bottom at 13000 Big Figure<\/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 doji with large tails above and below pausing at 13000 big figure.<\/li><li>It was a pause bar after two consecutive large bear bars closing on their lows so we are always in short.<\/li><li>The bulls see a higher low, double bottom at the 200-week moving average. We said last week that bulls would buy here and that remained true.<\/li><li>We also said traders would expect lower prices and we briefly traded below last week before reversing up.<\/li><li>The bulls know the bottom of a trading range is a reasonable swing buy, especially a second entry.<\/li><li>They want a High 1 buy above this week&#8217;s bar back up to the middle of the range.<\/li><li>But bulls might be disappointed as after two strong bear bars traders might expect a small second leg down first. Trading ranges look most bearish at the bottom.<\/li><li>Bears see their chances of a larger second leg down, a harmonic of the January move increasing, but they needed a close below March lows.<\/li><li>They see we are in a trading range and expect bulls to scale in but are happier to sell higher as this was profitable beforehand.<\/li><li>There is a small gap with May that we failed to close this week and that will give bears confidence to short above, but perhaps not below.<\/li><li>The market might need to pause here at 13000 while it decides.<\/li><li>Bears know bulls will buy the High 1 but a High 1 is a pullback in an always in short bear trend so they will sell there as well.<\/li><li>Probably sideways to down next week unless the bulls can get a strong High 1 close early in the week.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/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-Double-Bottom-Second-Entry-Long.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long.jpg\" alt=\"DAX 40 Daily Chart Double Bottom Second Entry Long\" class=\"wp-image-154804\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Double-Bottom-Second-Entry-Long-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption>DAX 40 Double Bottom Second Entry Long<\/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 bull bar closing on its high so we might gap up on Monday.<\/li><li>The bulls see a double bottom, a second-entry buy at the bottom of a trading range. It&#8217;s a reasonable buy, but bulls are likely to still be scalping and bears are selling above bars.<\/li><li>They see last week as a sell climax and a possible higher low major trend reversal.<\/li><li>Bulls see we retraced Wednesday and Thursday close, so they expect at least a measured move up. But they need consecutive bull bars closing on their highs.<\/li><li>Trading ranges are full of disappointment and we might need to go sideways here at the 13000 big round number for a while until traders decide.<\/li><li>Bears see a tight bear channel and we are at the bottom of a tight trading range. They know that bulls will start to scale into longs but bears have been selling above bars for weeks and that is likely to continue.<\/li><li>Bears see we are respecting the bear trend from January and the failed breakout keeps endlessly pulling back which will keep bears scaling in.<\/li><li>If you look left, all the largest bars are bear bars so we might need to go sideways until the bulls can get consecutive bull bars.<\/li><li>If the bulls can get that next week, we might go up to the middle of the range.<\/li><li>The bears want failed follow-through buying and another push down below March lows.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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 doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":154800,"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":[1348,1700,1400],"class_list":["post-154753","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dax-40","category-analysis","tag-big-round-number","tag-dax-40","tag-double-bottom-higher-low","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/06\/DAX-40-Weekly-Double-Bottom-at-13000-Big-Figure.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\/154753","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=154753"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/154753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/154800"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=154753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=154753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=154753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}