{"id":194726,"date":"2023-11-25T07:00:00","date_gmt":"2023-11-25T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=194726"},"modified":"2023-11-24T19:24:42","modified_gmt":"2023-11-25T03:24:42","slug":"dax-40-breakout-follow-through","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-breakout-follow-through\/","title":{"rendered":"DAX 40 Breakout Follow-through With MC BO Gap"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> continued up last week with a breakout follow-through, creating a microchannel (MC) with a breakout gap (BO Gap.) We are always in long, so traders should be long or flat. Now we have a small signal bar &#8211; small risk. That increases the chance of a test above and below it. Bulls want this to be the start of three more legs but we should go sideways around this price &#8211; 16000.<\/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\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap.jpg\" alt=\"DAX 40 Breakout Follow-through With MC BO Gap\" class=\"wp-image-194788\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\">DAX 40 Breakout Follow-through With MC BO Gap<\/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> got a breakout follow-through last week with a small bull bar closing on its high with a small body gap.<\/li>\n\n\n\n<li>The bar is small, so we might need to test both sides. It is closing on its high, so we will likely gap up next week.<\/li>\n\n\n\n<li>The bar last week was a bull surprise bar, and traders expected a second leg. But most were watching and waiting for the follow-through bar. The bulls needed anything except a bear bar, and they got it.<\/li>\n\n\n\n<li>That means there is a high probability of a second leg up. Sometimes, the market races up without waiting for value traders to get in at a better price.<\/li>\n\n\n\n<li>The risk is large, so those traders want to test the all-time high.<\/li>\n\n\n\n<li>Remember that the continuous contract is re-stated, so it looks like the ATH is not the ATH.<\/li>\n\n\n\n<li>There&#8217;s nothing to sell here for the bears. Any bears that were short, should have exited with two good bars against them and now an opposite MC.<\/li>\n\n\n\n<li>Some traders see a V-bottom. But they are typically a double bottom testing strongly a prior price from the left. In this case the very strong January breakout bars.<\/li>\n\n\n\n<li>So, if that is the bottom of the range, traders should avoid doing too much in the middle and expect two legs.<\/li>\n\n\n\n<li>Always in long, so it&#8217;s better to be long or flat.<\/li>\n\n\n\n<li>I suspect we will pull back to the MA soon and go sideways. However, we are forming a possible parabolic wedge and might get two legs sideways to down to the MA soon.<\/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\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback.jpg\" alt=\"DAX 40 Tight Bull Channel Past 16000 Expect Pullback\" class=\"wp-image-194795\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/DAX-40-Tight-Bull-Channel-Past-16000-Expect-Pullback-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\">DAX 40 Tight Bull Channel Past 16000 Expect Pullback<\/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> moved higher in a tight bull channel since the start of the month.<\/li>\n\n\n\n<li>The last leg is a bull microchannel, which means no lows below the lows of prior bars. That is typically a BO on a higher time frame. In this case, it is the weekly chart.<\/li>\n\n\n\n<li>There is nothing to sell, so traders should be either long or flat.<\/li>\n\n\n\n<li>It is a breakout follow-through on a HTF so a reversal on the daily is likely a pullback on the HTF. <\/li>\n\n\n\n<li>We are always in long.<\/li>\n\n\n\n<li>We just raced past the 16000 Big Round Number, which is a magnet, and likely some traders were short there. But it is a trading range, so moves can quickly race past support and resistance.<\/li>\n\n\n\n<li>Bears who were scaling in did not have a good signal bar, so they will scale-in higher, and likely make money.<\/li>\n\n\n\n<li>Bulls buying here have a big risk, which means a high probability and might need to sit through a large pullback to get their reward.<\/li>\n\n\n\n<li>Some bulls see the breakout above October 12<sup>th<\/sup> as a possible measured move up the ATH. That is reasonable. Other traders might wait for a pullback to test that breakout point before getting into the trade up to the highs.<\/li>\n\n\n\n<li>If bulls get one more strong bar, that will signal a lot of profit-taking. Bears expected the price to test the highs of the last sell climax, which is around this price, so it is a possible place to exit.<\/li>\n\n\n\n<li>Expect sideways to up 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 continued up last week with a breakout follow-through, creating a microchannel (MC) with a breakout gap (BO Gap.) We are always in long, so traders should be long or flat. Now we have a small signal bar &#8211; small risk. That increases the chance of a test above [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":194788,"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-194726","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\/11\/DAX-40-Breakout-Follow-through-With-MC-BO-Gap.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\/194726","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=194726"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/194726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/194788"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=194726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=194726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=194726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}