{"id":184761,"date":"2023-07-29T07:00:00","date_gmt":"2023-07-29T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=184761"},"modified":"2023-07-29T01:22:08","modified_gmt":"2023-07-29T08:22:08","slug":"dax-40-nearly-big-outside-up","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-nearly-big-outside-up\/","title":{"rendered":"DAX 40 Nearly Big Outside Up, Sideways High in Bull Trend"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> moved sideways last month with a nearly outside up bar. I&#8217;m writing this with one trading day to go. And that makes it more interesting for next month&#8217;s price action. If we go outside up, there is more chance of follow-through buying above this month. If we fail to get a new high, or close above last month&#8217;s high, and we broke below last month&#8217;s low, then more likely limit-order sellers scale in above. However, its been quite challenging being a bear for the past 10 months or so!<\/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\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend.jpg\" alt=\"DAX 40 Nearly Outside Up, Sideways High in Bull Trend\" class=\"wp-image-184836\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Nearly-Outside-Up-Sideways-High-in-Bull-Trend-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Nearly Outside Up, Sideways High in Bull Trend<\/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> went sideways last month with a nearly outside up bar.<\/li>\n\n\n\n<li>The bulls see a tight bull channel, a spike with a channel forming in March. We are high in the channel, and so most bulls buying here expect to be able to buy lower and make money.<\/li>\n\n\n\n<li>Bears see a trading range and are looking for a double top, but they need a good sell signal.<\/li>\n\n\n\n<li>An outside bar is confusing,  an expanding triangle. Most expanding triangles in trends are continuation patterns.<\/li>\n\n\n\n<li>The bulls need a BO and FT above the prior highs for a measured-move up. This month&#8217;s bar might scare some bulls into buying pullbacks instead of BTC and BTM (Buy the close and Buy the market.)<\/li>\n\n\n\n<li>Bears that got triggered below last month are now short at the bottom of a bull bar. <\/li>\n\n\n\n<li>They need to scale in above the high of this bar &#8211; or if it&#8217;s strong (and hence low probability to sell) they will look to sell again above a weak buy signal.<\/li>\n\n\n\n<li>Some traders use harmonics &#8211; and the two bull legs are about the same size &#8211; that could encourage bulls to take profits here.<\/li>\n\n\n\n<li>Bears were hoping to get a move to the MA, but now it looks like one more leg &#8211; which was more likely given the tight channel.<\/li>\n\n\n\n<li>Look left; there were not many buyers above here a year ago &#8211; so are traders\/investors willing to buy the highs? Let&#8217;s see next month.<\/li>\n\n\n\n<li>Expect sideways to up next month.<\/li>\n\n\n\n<li>Most traders should be long or flat.<\/li>\n<\/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\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT.jpg\" alt=\"DAX 40 Bull Breakout and Follow Through or DT\" class=\"wp-image-184841\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/DAX-40-Bull-Breakout-and-Follow-Through-or-DT-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Breakout and Follow Through or DT<\/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> went higher last week with a bull outside up bar.<\/li>\n\n\n\n<li>The bulls see a micro DB and a bull microchannel recently, with a tight bull channel with at least 3 pushes.<\/li>\n\n\n\n<li>They see strong bull follow-through above the MA in a bull channel, so we are always in long.<\/li>\n\n\n\n<li>The bears see a trading range high in a channel, and because they closed the gap below, they will look to short above the highs around here.<\/li>\n\n\n\n<li>They also see a big-small-big pattern &#8211; 2 legs on a LTF, so we might get a pullback here next week.<\/li>\n\n\n\n<li>The bears wanted to sell above the strong bear bar, but they did not once they saw the small bull follow through. They might look to sell a weak bull bar but it&#8217;s so strong for the bulls again.<\/li>\n\n\n\n<li>Most of the selling is bull profit-taking here, and bulls have new targets off of the buy signals at the MA.<\/li>\n\n\n\n<li>The bulls need a follow-through bar closing above the high for a measured move to set up. It is still an expanding triangle, so that it might set a new high and a new trading range low.<\/li>\n\n\n\n<li>If the bears fail here, expect a measured-move up. If the bulls get a follow-through that is not strong, then sideways to down could be the next few weeks.<\/li>\n\n\n\n<li>Next week, expect sideways to up after the outside up, as we are always in long. Most traders should be long or flat.<\/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 futures moved sideways last month with a nearly outside up bar. I&#8217;m writing this with one trading day to go. And that makes it more interesting for next month&#8217;s price action. If we go outside up, there is more chance of follow-through buying above this month. If we fail [&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],"class_list":{"0":"post-184761","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-dax-40","7":"category-analysis","8":"tag-dax-40","9":"entry","10":"has-post-thumbnail","11":"override","12":"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\/184761","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=184761"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/184761\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=184761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=184761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=184761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}