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\/12\/DAX-40-Consecutive-Bear-Bars-Surprise.jpg\" "\\"\\"")
<\/a>DAX 40 Consecutive Bear Bars, Surprise<\/figcaption><\/figure>\n\n\n\n\n- The DAX 40 futures <\/a>chart was consecutive bars, a bear surprise bar closing on its low, so we might gap down next week.<\/li>\n\n\n\n
- It is the second of consecutive bear bars, high in a trading range, so it is a surprise, and most traders will expect a second leg sideways to down.<\/li>\n\n\n\n
- It is an outside down bar, a form of a tight trading range, which can trap traders.<\/li>\n\n\n\n
- The bulls see a pullback after a 9-bar tight bull micro channel. Traders bought below last fortnight and sold above for a micro double top. They want two legs to test the BO point on Oct 13th <\/sup>for a larger second leg up. Trading ranges often test swing points, so this is reasonable. <\/li>\n\n\n\n
- Bears see a double top with June and were quick to sell, hoping for a move to the lows of the range. The bull leg is strong, so it is likely to find buyers on the way down and might form a wedge bottom.<\/li>\n\n\n\n
- Bears want a break below the October swing BO test – the moves to the left have been very fast, so this is also reasonable. <\/li>\n\n\n\n
- Most traders should be short or flat. Always in bulls exited below last week.<\/li>\n\n\n\n
- Bulls want this to be a sell climax and a bear trap to buy below and break above these highs to a trading range above.<\/li>\n\n\n\n
- Bears want a measuring gap to move down – they know many bears sold the previous double top below this week and are currently trapped. They want to exit with a breakeven \/ avoid a loss and make a profit on their second entry.<\/li>\n\n\n\n
- Most traders expect a second leg sideways to down, so either we continue down next week or go sideways first.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/12\/DAX-40-Breakout-and-Follow-Through-Failed-Wedge.jpg\" "\\"\\"")
<\/a>DAX 40 Breakout and Follow Through, Failed Wedge<\/figcaption><\/figure>\n\n\n\n
<\/a>- \n
- The DAX 40 futures <\/a>chart was consecutive bars, a bear surprise bar closing on its low, so we might gap down next week.<\/li>\n\n\n\n
- It is the second of consecutive bear bars, high in a trading range, so it is a surprise, and most traders will expect a second leg sideways to down.<\/li>\n\n\n\n
- It is an outside down bar, a form of a tight trading range, which can trap traders.<\/li>\n\n\n\n
- The bulls see a pullback after a 9-bar tight bull micro channel. Traders bought below last fortnight and sold above for a micro double top. They want two legs to test the BO point on Oct 13th <\/sup>for a larger second leg up. Trading ranges often test swing points, so this is reasonable. <\/li>\n\n\n\n
- Bears see a double top with June and were quick to sell, hoping for a move to the lows of the range. The bull leg is strong, so it is likely to find buyers on the way down and might form a wedge bottom.<\/li>\n\n\n\n
- Bears want a break below the October swing BO test – the moves to the left have been very fast, so this is also reasonable. <\/li>\n\n\n\n
- Most traders should be short or flat. Always in bulls exited below last week.<\/li>\n\n\n\n
- Bulls want this to be a sell climax and a bear trap to buy below and break above these highs to a trading range above.<\/li>\n\n\n\n
- Bears want a measuring gap to move down – they know many bears sold the previous double top below this week and are currently trapped. They want to exit with a breakeven \/ avoid a loss and make a profit on their second entry.<\/li>\n\n\n\n
- Most traders expect a second leg sideways to down, so either we continue down next week or go sideways first.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n
<\/a>DAX 40 Breakout and Follow Through, Failed Wedge<\/figcaption><\/figure>\n\n\n\n