{"id":205778,"date":"2024-04-20T07:00:00","date_gmt":"2024-04-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=205778"},"modified":"2024-04-20T04:55:24","modified_gmt":"2024-04-20T11:55:24","slug":"dax-40-pullback-second-leg","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-pullback-second-leg\/","title":{"rendered":"DAX 40 Pullback, Second Leg Sideways to Down Likely"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> had a strong pullback end last week and went sideways with a bear doji. Friday was a strong reversal bar that hit bear targets. This is a weak bar for stop-entry traders. We will likely form a trading range around this price and 18000. It is strong enough for a second move sideways to down.<\/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\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely.jpg\" alt=\"DAX 40 Pullback, Second Leg Sideways to Down Likely\" class=\"wp-image-205930\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Pullback, Second Leg Sideways to Down Likely<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.eurex.com\/ex-en\/markets\/idx\/dax\/DAX-Futures-139902\" rel=\"noopener\">DAX 40 futures<\/a> went sideways to down last week with a pullback from measured move targets.<\/li>\n\n\n\n<li>The bulls see a bull spike and channel, two strong legs up, so two legs sideways to down before the final push is reasonable.<\/li>\n\n\n\n<li>The bears saw a buy-climax, and we overshot 18000. They were looking for a reason to fade back, and they took it. Now, they have hit a swing target.<\/li>\n\n\n\n<li>The bulls probably need another leg sideways to down to the MA for another buy signal, a high 2.<\/li>\n\n\n\n<li>Bears, I would only sell high if the follow-through has tails. Because it was so strong on the way up, I wouldn&#8217;t be too eager to bet against the bulls.<\/li>\n\n\n\n<li>It&#8217;s a weak sell signal, so more buyers are likely above fading the High 1.<\/li>\n\n\n\n<li>There may be buyers below that bar or near the MA, but because traders expect a second piece to the pullback, waiting for a signal to develop is better.<\/li>\n\n\n\n<li>Bulls have a vast bull breakout gap, so the bears can only turn it into a trading range even with a deep pullback.<\/li>\n\n\n\n<li>Bears need a lower high and a failed buy signal to get traction. <\/li>\n\n\n\n<li>If you&#8217;re short, do you get out? I would watch for price action with a bar like Friday and get out above it. You could argue sellers there, but you took a low-probability trade, and it hit a target, so you&#8217;re hoping to get a second chance!<\/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\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000.jpg\" alt=\"DAX 40 Bull Channel, Pullback, Bear Swing Target, 18000\" class=\"wp-image-205935\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Bull-Channel-Pullback-Bear-Swing-Target-18000-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Channel, Pullback, Bear Swing Target, 18000<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.eurex.com\/ex-en\/markets\/idx\/dax\/DAX-Futures-139902\" rel=\"noopener\">DAX 40 futures<\/a> went down last week with a big bounce on Friday as the last of the sellers got out at their targets.<\/li>\n\n\n\n<li>Strong and tight bull channel, we broke a trend line but didn&#8217;t test it? Likely, we go back up higher. <\/li>\n\n\n\n<li>I think the bears need a double top to change this trend.<\/li>\n\n\n\n<li>You can see the lack of consecutive strong bear bars below the MA. Most traders were surprised by the pullback depth, but it should turn into a wedge bottom anyway.<\/li>\n\n\n\n<li>The bears did well to retrace the last leg of the push-up. They even got to the midpoint of this last rally. So that&#8217;s good.<\/li>\n\n\n\n<li>Bulls are looking for a higher low to form and a second entry long for a 3-push back up to one of those bull bars.<\/li>\n\n\n\n<li>The bear bar on Friday closed near its high, so it&#8217;s technically a bull bar. However, it&#8217;s a weak reversal bar, so follow-through will be important for bulls.<\/li>\n\n\n\n<li>How many legs down? You could argue that High 2 at the MA failed, and MM is down. That&#8217;s fair. But most bulls would not have bought above the High 2 without a good test of the MA, so they were likely bulls exiting who scaled in from longs above.<\/li>\n\n\n\n<li>The bulls are buying new lows, scaling in lower, and making money, so we should return to the MA soon.<\/li>\n\n\n\n<li>Are we always in short? Maybe. I would still trade it like a trading range and look to buy low and sell high, scalp and take quick profits. <\/li>\n\n\n\n<li>The next stop is likely MA, so next week expect sideways to up.<\/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 had a strong pullback end last week and went sideways with a bear doji. Friday was a strong reversal bar that hit bear targets. This is a weak bar for stop-entry traders. We will likely form a trading range around this price and 18000. It is strong enough [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":205930,"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-205778","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\/2024\/04\/DAX-40-Pullback-Second-Leg-Sideways-to-Down-Likely.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\/205778","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=205778"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/205778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/205930"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=205778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=205778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=205778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}