{"id":161670,"date":"2022-10-01T07:00:00","date_gmt":"2022-10-01T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=161670"},"modified":"2022-10-01T04:10:15","modified_gmt":"2022-10-01T11:10:15","slug":"dax-bear-bars-closing-on-lows","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-bear-bars-closing-on-lows\/","title":{"rendered":"DAX 40 Consecutive Bear Bars Closing on Lows"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> continued down this month with consecutive bear bars closing on lows. The bulls see a bull flag in a longer-term bull trend and expected the second leg to get back to near the breakout of the trading range. The bears see a tight bear channel, but with overlap so can reverse soon. Expect bears to sell above this month and bulls to buy below this month again.<\/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\/09\/DAX-40-Monthly-Consecutive-Bear-Bars.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars.jpg\" alt=\"DAX 40 Monthly Consecutive Bear Bars Closing on Lows\" class=\"wp-image-161712\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption><strong>DAX 40 Monthly: Consecutive Bear Bars<\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a big bear bar closing on its low last month so we might gap down on Monday.<\/li><li>It is the second consecutive big bear bar closing on its low so we are always in short.<\/li><li>We are pausing at the 100-month moving average (MA) which has been an area of interest for 7 years so we might go sideways here while traders decide.<\/li><li>The bulls see a breakout and retest of a trading range and a possible parabolic wedge bottom with March and July. July was a reasonable buy signal so we might get back up to it at some point.<\/li><li>Because July was a reasonable buy signal, we might also bounce at the 50% point as trapped bulls will sell out of longs there, at breakeven.<\/li><li>The bulls know that after the COVID lows it was an incredibly strong bounce and the lows of a 2-year bull trend so limit bulls will start to scale in soon.<\/li><li>The bears see consecutive bear bars, a possible break below a wedge and want a measured move down. They are nearly at the measured move from the double top&#8217;s lower high and will look to get the measured move from the higher high. <\/li><li>It is a big bear bar, late in a bear trend so that could be a sell climax and attract profit taking. Bears are mindful of a wedge overshoot and strong reversal out.<\/li><li>It&#8217;s always in short so better to be flat or short.<\/li><li>Bulls want a reversal bar, not too big to buy above,  a second entry buy is a higher probability setup.<\/li><li>The bears want a follow-through bar to set up another leg down to the larger harmonic move target below.<\/li><li>With consecutive bear bars, expect sideways to down trading next month as traders decide.<\/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\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short-.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short-.jpg\" alt=\"DAX 40 Weekly Possible Wedge Bottom, Always in Short \" class=\"wp-image-161719\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short-.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short--300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short--680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short--768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Weekly-Possible-Wedge-Bottom-Always-in-Short--1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption><strong>DAX 40 Weekly: Possible Wedge Bottom, Always in Short&nbsp;<\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a bear bar closing near its low last month so we might gap down on Monday.<\/li><li>It is the third consecutive bear bar closing near its low so we are always in short.<\/li><li>Consecutive bear bars are a sell signal and a bad buy signal so better to be short or flat, but it might also attract profit taking next week.<\/li><li>For the bulls, it&#8217;s 2 legs sideways to down after a 4-bar tight bull channel. It&#8217;s a lower low and a possible wedge bottom. Traders see Sept 5 as the first buy setup and the next buy setup on the weekly will be a reasonable swing buy.<\/li><li>The bulls also see we are at trendline so a possible overshoot buy is a reasonable entry as well.<\/li><li>The bulls need a High 2 or consecutive bull bars to attract buyers. Currently, we are still always in short and might need to go sideways before the price can move up again.<\/li><li>The bears see a bear stairs pattern with no gaps, so it is more likely a bear leg in a trading range for the next year or so. <\/li><li>They see a breakout below the July 4 low and want a measured move down. But the trend has retraced the COVID bull trend which might be the low for some time.<\/li><li>The bears want a pause here so sell above again, a sell climax would attract profit taking and a reasonable buy setup. 3 consecutive bear bars are strong enough to attract another leg down.<\/li><li>Expect sideways to down trading next week. The Sept 5 bull bar&#8217;s low is a magnet and an open gap, so any reversal will likely stall around there. <\/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 continued down this month with consecutive bear bars closing on lows. The bulls see a bull flag in a longer-term bull trend and expected the second leg to get back to near the breakout of the trading range. The bears see a tight bear channel, but with overlap [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":161712,"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":[1353,1700],"class_list":{"0":"post-161670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dax-40","8":"category-analysis","9":"tag-consecutive-bear-bars","10":"tag-dax-40","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/09\/DAX-40-Monthly-Consecutive-Bear-Bars.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\/161670","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=161670"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/161670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/161712"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=161670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=161670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=161670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}