{"id":192665,"date":"2023-10-21T07:00:00","date_gmt":"2023-10-21T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=192665"},"modified":"2023-10-20T18:58:55","modified_gmt":"2023-10-21T01:58:55","slug":"dax-40-measured-move-down","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-measured-move-down\/","title":{"rendered":"DAX 40 Measured Move Down, Middle of Broad Bull Channel"},"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 give-up bar, and so are going for a measured move down. The bulls tried to get a wedge bottom reversal or a High 2, but both failed, and no one wanted to buy the weak signal. It is close to support and some bulls are waiting to fade breakouts here for a test-up after 15000 Big Round Number. Most traders should be short or flat.<\/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\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel-.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel-.jpg\" alt=\"DAX 40 Measured Move Down, Middle of Broad Bull Channel \" class=\"wp-image-192722\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel-.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel--300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel--680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel--768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Measured-Move-Down-Middle-of-Broad-Bull-Channel--1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Measured Move Down, Middle of Broad 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\" rel=\"noopener\">DAX 40 futures<\/a> last week was a big bear bar closing on its low so that we might gap down on Monday. It is on the way for a measured move down.<\/li>\n\n\n\n<li>15000 has been an important price for a long time, and we said we would come back here repeatedly to test.<\/li>\n\n\n\n<li>The bulls see a wedge top and expected 2 legs sideways to down, testing the swing low and the start of the third leg we just reached.<\/li>\n\n\n\n<li>They will look for a second entry buy signal, expecting a trading range.<\/li>\n\n\n\n<li>The bears see an expanding triangle, a break below a wedge, a BO of the range, a test last week and then move down. Their target is a MM of the ET.<\/li>\n\n\n\n<li>The prior week was a weak sell signal &#8211;  a bull doji. Some traders bought below it and will look to scale in lower.<\/li>\n\n\n\n<li>It was a failed High 2, and many bulls exited when it closed. They were hoping for a move back up into the range.<\/li>\n\n\n\n<li>Some bears see this as a bigger wedge and a break below. Considering the HTF, it is more likely a larger expanding triangle, and this is the first part of a trading range.<\/li>\n\n\n\n<li>The bears want a vacuum test of support as the bulls give up. We could get that next week as we quickly move to the target and go sideways.<\/li>\n\n\n\n<li>Most traders should be short or flat. Limit order bulls will wait to see front running or a bull doji at support.<\/li>\n\n\n\n<li>The first reversal back up, should be minor. <\/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\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support.jpg\" alt=\"DAX 40 Breakout Below a DB, MM Down or Test of Support?\" class=\"wp-image-192729\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/10\/DAX-40-Breakout-Below-a-DB-MM-Down-or-Test-of-Support-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Breakout Below a DB, MM Down or Test of Support?<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/germany-30-futures\" rel=\"noopener\">DAX 40 futures<\/a> on Friday was a big bear bar closing near its low so we might gap down on Monday.<\/li>\n\n\n\n<li>It is a 4-bar bear microchannel, so we are always in short, and traders will sell the first pullback to go above the high of a prior bar.<\/li>\n\n\n\n<li>The bulls wanted a DB at support, the 15000 Big Round Number, but the signal was weak on Thursday.<\/li>\n\n\n\n<li>It is not a great sell signal either, so some bulls are scaling in below to set up a longer-term trade. But in the shorter term, it is a strong bear spike, and traders should expect a second leg sideways to down.<\/li>\n\n\n\n<li>Traders expected a test of the triangle to the left, the TTR and the swing low. In TRs, the price often goes above or below swing points before reversing. <\/li>\n\n\n\n<li>The bears want a break below the DB and then a MM down. The only issue is the strong bull spike from October. Buyers below will be looking to break even on their first entry and make money on the scale in.<\/li>\n\n\n\n<li>Some bears will sell and use a wide stop, sitting through the pullback. The issue is selling at support. Some bulls will count it as leg 3 or 4. Other bulls see this as a new leg and will wait for another leg before looking to buy.<\/li>\n\n\n\n<li>Most traders should be short or flat.<\/li>\n\n\n\n<li>For a few months now, everything bullish has been failing. The bulls are looking for a wedge-bottom reversal signal. They see this as a nested wedge and want a decent signal to buy above.<\/li>\n\n\n\n<li>We should test the BO point above on Monday or Tuesday.<\/li>\n\n\n\n<li>Some bulls will look to buy because if you look left, how often do you get 5 bear days in a row?<\/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 give-up bar, and so are going for a measured move down. The bulls tried to get a wedge bottom reversal or a High 2, but both failed, and no one wanted to buy the weak signal. It is close to support and [&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-192665","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\/192665","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=192665"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/192665\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=192665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=192665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=192665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}