{"id":211169,"date":"2024-06-22T07:00:00","date_gmt":"2024-06-22T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=211169"},"modified":"2024-06-22T07:28:07","modified_gmt":"2024-06-22T14:28:07","slug":"dax-40-channel-18000-magnet","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-channel-18000-magnet\/","title":{"rendered":"DAX 40 Bull Channel, Bottom \u2153 TR, 18000 Magnet"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: DAX 40 Futures<\/h2>\n\n\n\n<p><strong>DAX futures<\/strong> went higher last week with a small bull bar at the 18000 magnet. It&#8217;s a pullback and a pause after a big volatility expansion last week. Always in short on the daily chart and lower third of a trading range on the weekly, so probably buyers not far below. But no strong buying yet so likely sideways to down next week.<\/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\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet.jpg\" alt=\"DAX 40 Bull Channel, Bottom \u2153 TR, 18000 Magnet\" class=\"wp-image-211278\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Channel, Bottom \u2153 TR, 18000 Magnet<\/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 higher last week with a small bull bar at the 18000 magnet.<\/li>\n\n\n\n<li>Traders expected something small after such a big bear climax down to the MA and 18000.<\/li>\n\n\n\n<li>Bulls argue about the bull channel, and they want a symmetrical third leg up to the first two spikes.<\/li>\n\n\n\n<li>But bears see they broke a swing point, the inside bar doji, in April. That&#8217;s a sign of a trading range.<\/li>\n\n\n\n<li>At the time I said I expected the price to come back and test these little dojis so I was not surprised. That&#8217;s why sellers above that pullback were also likely after the bull climax.<\/li>\n\n\n\n<li>So, three climaxes in the past few months are signs of sideways behaviour and not trending behaviour.<\/li>\n\n\n\n<li>5 bars down for the bears, so they might get one more bar. <\/li>\n\n\n\n<li>Its a bull inside bar so 50\/50, but better RR for the bulls buying low in a TR in a bull channel. <\/li>\n\n\n\n<li>But I don&#8217;t think we are going straight up to 19000 after such a strong climax.<\/li>\n\n\n\n<li>So that means a second leg\/bar for bears and a follow-through for bulls.<\/li>\n\n\n\n<li>If the bears can get a big bear bar now, that would shift it back to more down. <\/li>\n\n\n\n<li>A 65% pullback is a good sign of a trading range, and we are near the bottom. So, if you sold that big bear bar, you&#8217;re disappointed and should probably get out.<\/li>\n\n\n\n<li>Selling at the MA in a bull channel is not a high-probability trade. Price went to where there were more buyers, right at the MA.<\/li>\n\n\n\n<li>If you buy, you should be open to scaling in.<\/li>\n\n\n\n<li>Price is holding above the 18000 magnet which is interesting. <\/li>\n\n\n\n<li>So, buyers are likely not far below the MA, as no bar has closed below the MA in over 30 bars, so it&#8217;s an environment that encourages buying.<\/li>\n\n\n\n<li>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\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact.jpg\" alt=\"DAX 40 Wedge Bottom Failed, MM Down, Major Swing Low Intact\" class=\"wp-image-211282\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/DAX-40-Wedge-Bottom-Failed-MM-Down-Major-Swing-Low-Intact-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Wedge Bottom Failed, MM Down, Major Swing Low Intact<\/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 up last week.<\/li>\n\n\n\n<li>It finished with a small bear inside bar, which closed above its midpoint.<\/li>\n\n\n\n<li>Bulls see a double bottom with a strong bull spike and support at 18000.<\/li>\n\n\n\n<li>Bears see a failed wedge bottom, a bear breakout below and always in short and now a pullback. They will likely get a second leg sideways to down.<\/li>\n\n\n\n<li>The bears got good follow-through but will it get a 1:1 down?<\/li>\n\n\n\n<li>The issue for the bulls is the pain trade &#8211; if that strong bull spike fails, that sets up a much larger measured move down.<\/li>\n\n\n\n<li>But considering the weekly bullishness &#8211; sideways, I think bears will get disappointed not far below here.<\/li>\n\n\n\n<li>Likely sellers above near the MA, and the test of the underside of the wedge. <\/li>\n\n\n\n<li>The bulls have gaps to those buy signal bars and will become sellers not far above where we are.<\/li>\n\n\n\n<li>Too low to sell and not a great buy, so expecting sideways next week.<\/li>\n\n\n\n<li>If you&#8217;re a bull, you see the swing low and have great risk reward up to the midpoint\/high of the range.<\/li>\n\n\n\n<li>We did find a lot of buyers at 18000 to the left and we are finding more again. So bears might have a hard time breaking too far below it.<\/li>\n\n\n\n<li>Always in short, so expect sideways to down 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 went higher last week with a small bull bar at the 18000 magnet. It&#8217;s a pullback and a pause after a big volatility expansion last week. Always in short on the daily chart and lower third of a trading range on the weekly, so probably buyers not far [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":211278,"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-211169","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\/06\/DAX-40-Bull-Channel-Bottom-\u2153-TR-18000-Magnet.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\/211169","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=211169"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/211169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/211278"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=211169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=211169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=211169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}