{"id":185718,"date":"2023-08-12T07:00:00","date_gmt":"2023-08-12T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=185718"},"modified":"2023-08-12T02:56:33","modified_gmt":"2023-08-12T09:56:33","slug":"dax-40-in-tight-trading-range","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-in-tight-trading-range\/","title":{"rendered":"DAX 40 Still a Tight Trading Range at MA 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 lower last week with follow-through selling in a tight trading range, but it was not able to close below the bar from the week before. So it&#8217;s not as bearish as it could be. Bulls have finally got a chance to buy the moving average, and in a tight bull channel, it is reasonable to do that. The bears see a possible wedge top and want two legs sideways to down. But a total lack of bear stop entries that worked will prevent the selling from starting yet.<\/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-Tight-Trading-Range-at-MA-in-Bull-Trend.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend.jpg\" alt=\"DAX 40 Tight Trading Range at MA in Bull Trend\" class=\"wp-image-185829\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Tight-Trading-Range-at-MA-in-Bull-Trend-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Tight Trading Range at MA 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\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> last week continued in a tight trading range, with a bear doji closing just below the MA. <\/li>\n\n\n\n<li>The bulls see a bull trend, a final flag that keeps going, and we are heading sideways at the MA.<\/li>\n\n\n\n<li>The bears see that this TTR has gone on for about 20 bars, so the upward momentum has probably gone.<\/li>\n\n\n\n<li>The bears want a follow-through bear bar next week, preferably closing completely below the MA.<\/li>\n\n\n\n<li>Some bulls see three consecutive bull bars as a continuation pattern. But the problem is no gaps between them.<\/li>\n\n\n\n<li>The bull breakout did not get follow-through above the high of this leg. That&#8217;s a problem.<\/li>\n\n\n\n<li>The bears saw a failed breakout and got the minimum level of follow-through. But disappointing because it did not close below the prior week&#8217;s low.<\/li>\n\n\n\n<li>Best to be flat here in the middle of the tight trading range.<\/li>\n\n\n\n<li>If the bears get a bear bar and a pullback &#8211; it could be a reasonable short below &#8211; taking a chance that any buyers would have already appeared.<\/li>\n\n\n\n<li>Some bulls will probably scalp the first bar below the MA in so long. But I suspect it would be a scalp only.<\/li>\n\n\n\n<li>Other bulls see a test of the trend line and expect a test of the high before reversing.<\/li>\n\n\n\n<li>The biggest issue is the tight trading range which makes potential stop-entries, reliable limit-order fades, instead. <\/li>\n\n\n\n<li>It has an expanding triangle shape, so we could get a move down and a stronger move back to the highs. Confusion should keep traders BLSHS and taking quick profits.<\/li>\n\n\n\n<li>One bull argument is the open body gap currently below. Technically, the trend is still on and still 55% likely for bulls.<\/li>\n\n\n\n<li>Disappointing for both sides, so expect sideways to up next week.<\/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-Bear-Spike-50-PB-in-Middle-of-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR.jpg\" alt=\"DAX 40 Bear Spike, 50% PB in Middle of TR\" class=\"wp-image-185834\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/08\/DAX-40-Bear-Spike-50-PB-in-Middle-of-TR-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bear Spike, 50% PB in Middle of TR<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30\" target=\"_blank\" rel=\"noreferrer noopener\">DAX 40 futures<\/a> was a bear bar on Friday, closing near its low, so we might gap down on Monday.<\/li>\n\n\n\n<li>The bulls had a strong leg in a trading range but failed to get buyers at the MA. Some bulls might be stuck above.<\/li>\n\n\n\n<li>The bears got follow-through and a bear microchannel down. There are usually sellers above the high of the last strong bar in a bear microchannel. <\/li>\n\n\n\n<li>But it didn&#8217;t even reach there. That is a sign of strong selling.<\/li>\n\n\n\n<li>The spike down is strong, so traders will expect two more legs &#8211; in a trading range, which is disappointing for traders, you mostly get only two legs.<\/li>\n\n\n\n<li>It&#8217;s a bear bar, so a sell signal for Monday. It is reasonable to get short, but it might only be a quick move with the inside bar.<\/li>\n\n\n\n<li>Bears want the leg to get down to the July low. The middle of the big expanding triangle is a magnet.<\/li>\n\n\n\n<li>Bears see a HH DT, a reversal pattern, and two down weeks so we might get follow-through selling.<\/li>\n\n\n\n<li>The bears want to put in a lower high before anything major happens. The bulls get getting new ATH, and that&#8217;s a problem for the bear case.<\/li>\n\n\n\n<li>Next week we might get below the Aug 8th low to see what&#8217;s down there. <\/li>\n\n\n\n<li>We are back in a tight trading range here. Expect limit-order traders, to sell here and sell more higher. <\/li>\n\n\n\n<li>Bulls will likely buy below and scale in lower.<\/li>\n\n\n\n<li>It&#8217;s okay to be short or flat here. We are still in breakout mode on the HTF, so the price action can whipsaw here, trapping traders.<\/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 follow-through selling in a tight trading range, but it was not able to close below the bar from the week before. So it&#8217;s not as bearish as it could be. Bulls have finally got a chance to buy the moving average, and in [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":185829,"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-185718","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-Tight-Trading-Range-at-MA-in-Bull-Trend.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\/185718","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=185718"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/185718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/185829"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=185718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=185718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=185718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}