{"id":170776,"date":"2023-02-18T07:00:00","date_gmt":"2023-02-18T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=170776"},"modified":"2023-02-19T02:03:26","modified_gmt":"2023-02-19T10:03:26","slug":"dax-40-micro-double-top","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-micro-double-top\/","title":{"rendered":"DAX 40 Micro Double Top at Measured Move Target"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX 40<\/strong> micro double top at a measured move target. It&#8217;s a tight bull channel that is slowing down, and we might need to go sideways for profit-taking next week. The daily chart is forming a possible head and shoulders top, which could signal a two-legged pullback. The lack of consecutive bear bars might also get a buy climax up as bears give up to the next resistance area.<\/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\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target.jpg\" alt=\"DAX 40 Micro Double Top at Measured Move Target\" class=\"wp-image-170852\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Micro-Double-Top-at-Measured-Move-Target-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Micro Double Top at Measured Move Target<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"http:\/\/investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 micro double top<\/a> at a measured move target.<\/li>\n\n\n\n<li>Last week it was a small bull inside bar with tails above and below, closing on its mid-point. <\/li>\n\n\n\n<li>For the bears, it&#8217;s a micro double top and a sideways bar coming late in the bull trend.<\/li>\n\n\n\n<li>The bulls see a tight bull channel, and three pushes up, but the second leg was so strong they probably expected a little more up. <\/li>\n\n\n\n<li>The bears see a possible final flag and are looking to short at the next signal. But it&#8217;s a bull bar. There are currently no sell signals. <\/li>\n\n\n\n<li>We never traded below the bear bar two weeks ago, so most traders should be long or flat. A micro double top is a weak reversal signal.<\/li>\n\n\n\n<li>The bulls want three pushes up and a break above a wedge top for a measured move up. But they&#8217;ll need consecutive bull bars closing on their highs, closing above the last two weeks. They know they probably won&#8217;t get it. <\/li>\n\n\n\n<li>As the bars have been going sideways and trends tend to weaken over time, the bears want an outside down bar, so it&#8217;s an ioi, a reversal pattern for a wedge top short back towards the moving average.<\/li>\n\n\n\n<li>We are still high above the prior breakout points and the moving average and large gaps below, so next week should be sideways to up.<\/li>\n<\/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\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel.jpg\" alt=\"DAX 40 Head and Shoulders Top in Tight Bull Channel\" class=\"wp-image-170856\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/DAX-40-Head-and-Shoulders-Top-in-Tight-Bull-Channel-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Head and Shoulders Top in Tight Bull Channel<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> on Friday was a small bear doji with its low at the moving average. <\/li>\n\n\n\n<li>The bulls see we&#8217;re going sideways after a break above a bull flag and a test of the moving average. <\/li>\n\n\n\n<li>They&#8217;d like consecutive bull bars closing above last week&#8217;s high and a follow-through bar to confirm a breakout and another move higher. <\/li>\n\n\n\n<li>The bears see a possible head and shoulders top with Feb 2<sup>nd<\/sup> and 9<sup>th<\/sup>.<\/li>\n\n\n\n<li>The bears see the last two weeks as a possible final flag, and any push higher is likely to be a bull trap and be met with profit-taking. <\/li>\n\n\n\n<li>But there are no sell signals. Most traders can see how many days have been doji&#8217;s in the past few weeks, which is a lack of direction. <\/li>\n\n\n\n<li>Instead of the price going down to the moving average, the price is going sideways, and the moving average is coming up. So it&#8217;s a lack of speed and a lack of acceleration. <\/li>\n\n\n\n<li>Most traders are going to expect more sideways price action for the bulls. <\/li>\n\n\n\n<li>The bulls have their stop far away, so they&#8217;re more likely to take profits. <\/li>\n\n\n\n<li>If the bears get consecutive bear bars, they might get a two-legged correction to the moving average and prior breakout points.<\/li>\n\n\n\n<li>But the bears know the best they can get is a trading range, probably back to the last bear bar closing on its low on the 20<sup>th<\/sup> of January. <\/li>\n\n\n\n<li>So if we get down there, the bulls will probably see that as a double bottom bull flag and an opportunity to go long for a swing up and a measured move above the highs. <\/li>\n\n\n\n<li>Most traders should not be trading the daily chart when there are 15 to 20 doji bars. <\/li>\n\n\n\n<li>If you are trading, it&#8217;s better to be long or flat. Most traders will exit below a decent bear bar.<\/li>\n<\/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 40 micro double top at a measured move target. It&#8217;s a tight bull channel that is slowing down, and we might need to go sideways for profit-taking next week. The daily chart is forming a possible head and shoulders top, which could signal a two-legged pullback. The lack of [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":0,"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":[1700,1396],"class_list":{"0":"post-170776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-dax-40","7":"category-analysis","8":"tag-dax-40","9":"tag-micro-double-top","10":"entry","11":"has-post-thumbnail","12":"override","13":"shadow"},"featured_image_src":null,"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\/170776","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=170776"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/170776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=170776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=170776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=170776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}