{"id":185240,"date":"2023-08-05T07:00:00","date_gmt":"2023-08-05T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=185240"},"modified":"2023-08-05T00:27:50","modified_gmt":"2023-08-05T07:27:50","slug":"dax-40-failed-bo-above-wedge","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-failed-bo-above-wedge\/","title":{"rendered":"DAX 40 Big Failed BO above a Wedge Top, OD at MA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> moved lower last week with a failed BO above a wedge top. It was a large outside down bar, so likely sellers above now. Buyers at the MA but will they look to buy lower instead now? Bears want a FT bar but have not had consecutive down weeks since March.<\/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\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA.jpg\" alt=\"DAX 40 Failed BO above a Wedge Top, OD at MA\" class=\"wp-image-185341\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Failed BO above a Wedge Top, OD at MA<\/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> was an outside down bar, a failed BO above a wedge top in a bull channel.<\/li>\n\n\n\n<li>It is an OO, an outside-outside pattern which is a BO mode pattern. OOs often breakout the way of the last outside bar, and here it is down.<\/li>\n\n\n\n<li>The bulls see a bull channel and have been buying the MA for many months. Each time they have made money, so they will do again here.<\/li>\n\n\n\n<li>The bears see a large trading range for 2 years, a possible DT, and a wedge top reversal setup.<\/li>\n\n\n\n<li>Both traders are disappointed as it is a tight trading range, so it is 50\/50.<\/li>\n\n\n\n<li>The bulls want a final flag and another leg up. But at this stage, it is still only 50% likely. The failed BO is surprising.<\/li>\n\n\n\n<li>The bears want a swing down but have lacked follow-through. The bars have been too large for them to get momentum. Now we are in a buy zone, so a sell here is maybe 40% still.<\/li>\n\n\n\n<li>Traders that sell here should only do it for a swing.<\/li>\n\n\n\n<li>Most traders should wait for a strong stop-order entry setup.<\/li>\n\n\n\n<li>A few weeks ago, the inside bar limited the upside BO and will likely limit the downside BO with buyers below.<\/li>\n\n\n\n<li>The bears want a FT bar closing below the MA and far below last week to get a second leg down.<\/li>\n\n\n\n<li>The bulls want another outside bar to trap the bears &#8211; an OOO, which is very infrequent. <\/li>\n\n\n\n<li>Most traders should be short or flat. <\/li>\n\n\n\n<li>Always in bulls will exit below the outside bar. They can buy again above a bull bar.<\/li>\n\n\n\n<li>The bears should wait for a FT bar before attempting to swing short. <\/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\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise.jpg\" alt=\"DAX 40 Expanding Triangle and Bear Surprise\" class=\"wp-image-185345\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Expanding-Triangle-and-Bear-Surprise-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Expanding Triangle and Bear Surprise<\/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 bull bar with a small tail above.<\/li>\n\n\n\n<li>Bulls see a Micro DB and will look for a second entry to get long.<\/li>\n\n\n\n<li>After the bear surprise BO and FT, the bears expect a second leg sideways to down.<\/li>\n\n\n\n<li>Bears will likely sell above the high of the last two bears bars expecting another leg down.<\/li>\n\n\n\n<li>Last week was interesting because we let out the trapped bulls on the highest close above. Then we let out the trapped bears from July 6<sup>th<\/sup>. <\/li>\n\n\n\n<li>It is more likely we head back to the TTR above to enter BOM.<\/li>\n\n\n\n<li>Bulls see another HH in a bull channel, so buyers are below. They want to trap the bears again with a failed BO and get a new high.<\/li>\n\n\n\n<li>The bears want a second leg sideways to down &#8211; but the pullbacks have been very strong. They have not had many sellers down here since April.<\/li>\n\n\n\n<li>The bulls are stuck above at the MA and will probably get out. <\/li>\n\n\n\n<li>The bears need a LH DT and a a LL below July to convince traders we can move down further.<\/li>\n\n\n\n<li>The risk for traders is a broader expanding triangle &#8211; HHs and LLs. An even stronger bear leg down to July&#8217;s low would catch the bulls off-guard.<\/li>\n\n\n\n<li>Next week is important to see whether buyers are above the bull bar or more sellers.<\/li>\n\n\n\n<li>Most traders should be short or flat.<\/li>\n\n\n\n<li>Expect sideways to down next week. <\/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 lower last week with a failed BO above a wedge top. It was a large outside down bar, so likely sellers above now. Buyers at the MA but will they look to buy lower instead now? Bears want a FT bar but have not had consecutive down [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":185341,"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-185240","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dax-40","8":"category-analysis","9":"tag-dax-40","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Failed-BO-above-a-Wedge-Top-OD-at-MA.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\/185240","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=185240"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/185240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/185341"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=185240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=185240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=185240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}