DAX 40 Futures<\/h2>\n\n\n\nThe Weekly<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-High-1-After-Deep-Pullback-Above-MA.jpg\" "\\"\\"")
<\/a>DAX 40 High 1 After Deep Pullback, Above MA<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The DAX 40 futures<\/a> went higher last week with a High 1, a strong bull bar that went above last week’s high but did not close above it.<\/li>\n\n\n\n
- It was a strong pullback down from the ATH. Three consecutive bear bars are unusual in a strong bull trend, so we might transition into a trading range up here.<\/li>\n\n\n\n
- With such a tight channel, the first reversal should be minor. But big enough now for a second leg sideways to down.<\/li>\n\n\n\n
- The bulls see a huge breakout and a buy climax. The trend was likely exhausted. Most bulls want two legs sideways to bring their stops up and look for another move.<\/li>\n\n\n\n
- Other bulls had hit the three measured-move targets up here, so it was mostly profit-taking that took the price back down.<\/li>\n\n\n\n
- Last week, we said that bears would likely sell the High 1 above that bear doji. We will see if they make money next week.<\/li>\n\n\n\n
- A High 1 in a late-stage spike is not a high-probability entry, so I think most bulls will look to buy lower.<\/li>\n\n\n\n
- We might need to get back to the MA.<\/li>\n\n\n\n
- The bulls want a good follow-through bar next week to trap any bears and test back to the highs. I think we are going back there; the question is whether it is right now or after we go sideways first.<\/li>\n\n\n\n
- Bulls who bought under the low of the last strong bar in the bull microchannel made money. They scaled in lower, getting a break-even on their first entry and making money on their second.<\/li>\n\n\n\n
- Bears will probably do the same above this week and make money, also.<\/li>\n\n\n\n
- Still always in long, meaning I wouldn’t be selling below anything. But it’s likely that the bulls got out and are looking for a new entry.<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n![\"DAX](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/04\/DAX-40-Strong-Reversal-at-18000-Middle-of-Trading-Range.jpg\" "\\"\\"")
<\/a>DAX 40 Strong Reversal at 18000, Middle of Trading Range<\/figcaption><\/figure>\n\n\n\n
<\/a><\/div>\n\n\n\n
- \n
- The DAX 40 futures<\/a> went higher last week with a High 1, a strong bull bar that went above last week’s high but did not close above it.<\/li>\n\n\n\n
- It was a strong pullback down from the ATH. Three consecutive bear bars are unusual in a strong bull trend, so we might transition into a trading range up here.<\/li>\n\n\n\n
- With such a tight channel, the first reversal should be minor. But big enough now for a second leg sideways to down.<\/li>\n\n\n\n
- The bulls see a huge breakout and a buy climax. The trend was likely exhausted. Most bulls want two legs sideways to bring their stops up and look for another move.<\/li>\n\n\n\n
- Other bulls had hit the three measured-move targets up here, so it was mostly profit-taking that took the price back down.<\/li>\n\n\n\n
- Last week, we said that bears would likely sell the High 1 above that bear doji. We will see if they make money next week.<\/li>\n\n\n\n
- A High 1 in a late-stage spike is not a high-probability entry, so I think most bulls will look to buy lower.<\/li>\n\n\n\n
- We might need to get back to the MA.<\/li>\n\n\n\n
- The bulls want a good follow-through bar next week to trap any bears and test back to the highs. I think we are going back there; the question is whether it is right now or after we go sideways first.<\/li>\n\n\n\n
- Bulls who bought under the low of the last strong bar in the bull microchannel made money. They scaled in lower, getting a break-even on their first entry and making money on their second.<\/li>\n\n\n\n
- Bears will probably do the same above this week and make money, also.<\/li>\n\n\n\n
- Still always in long, meaning I wouldn’t be selling below anything. But it’s likely that the bulls got out and are looking for a new entry.<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> DAX chart<\/h3>\n\n\n\n
<\/a>DAX 40 Strong Reversal at 18000, Middle of Trading Range<\/figcaption><\/figure>\n\n\n\n