{"id":212663,"date":"2024-07-13T07:00:00","date_gmt":"2024-07-13T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=212663"},"modified":"2024-07-13T04:17:23","modified_gmt":"2024-07-13T11:17:23","slug":"dax-40-consecutive-bull-bars","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/dax-40-consecutive-bull-bars\/","title":{"rendered":"DAX 40 Consecutive Bull Bars, Heading to 19000"},"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 bull bars above the MA again in a bull channel. After a miss earlier, it looks like 19000 is the target again. Bears needed to do more below the MA but failed. Sideways to up is more likely in a channelling style.<\/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\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1.jpg\" alt=\"DAX 40 Consecutive Bull Bars, Heading to 19000\" class=\"wp-image-212752\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Consecutive Bull Bars, Heading to 19000<\/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 bull bar closing near its high.<\/li>\n\n\n\n<li>it is the fourth consecutive bull bar above the moving average which is sloping up.<\/li>\n\n\n\n<li>So it is a buy signal for next week.<\/li>\n\n\n\n<li>The bars are mostly overlapping, so there is more channelling behaviour, so traders might buy in the buy zone of the bar instead of above its high on Monday.<\/li>\n\n\n\n<li>It follows five bear bars. Big up, big down, so trading range likely.<\/li>\n\n\n\n<li>The bulls saw trend resumption attempts, and the first touch of the MA was likely to be bought. <\/li>\n\n\n\n<li>The bears scared them with their strong move to the MA. But after the inside bar (weak follow-through), it was buy and buy below.<\/li>\n\n\n\n<li>The bears tried to sell above daily bars all week and get a second leg down but kept failing.<\/li>\n\n\n\n<li>The bears will try again, but it might be closer to 19000. The bulls triggered a High 1, a buy above the bull bar just under 19000 and I said a few weeks ago we would likely get back here.<\/li>\n\n\n\n<li>High 1s in bull trends are reliable signals to trade back towards.<\/li>\n\n\n\n<li>Because the bulls made a new high, the bears need a double top or lower high to cause a reversal.<\/li>\n\n\n\n<li>For now, it&#8217;s a bull channel and always in long, so sideways to up expected next week. Better to be long or flat.<\/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\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR.jpg\" alt=\"DAX 40 Bull Microchannel, MM Up Likely, High in TR\" class=\"wp-image-212756\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/DAX-40-Bull-Microchannel-MM-Up-Likely-High-in-TR-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">DAX 40 Bull Microchannel, MM Up Likely, High in TR<\/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 with an always in long pullback and a second leg up.<\/li>\n\n\n\n<li>The bulls got above the high of the last bears&#8217; sell climax, and now, a measured move up to 19000 is more likely.<\/li>\n\n\n\n<li>Strong breakout bar above prior highs, so we might pull back on Monday back to the breakout point.<\/li>\n\n\n\n<li>Bears did well on Tuesday to run the price all the way down to their trapped bear friends who sold the MA.<\/li>\n\n\n\n<li>But it was clearly a weak sell down after going always in long.<\/li>\n\n\n\n<li>Three bull bars are now closing above the MA, so buy and buy below for a test of the highs. I think we need to hit High 1 on the weekly bar.<\/li>\n\n\n\n<li>Can bears sell here for a trading range? The risk-reward is good, but the probability is too low. <\/li>\n\n\n\n<li>It&#8217;s a weak limit order sell and no sell signal, so it&#8217;s better to be long or flat.<\/li>\n\n\n\n<li>The bulls got stuck up here before, so some might close that part of their positions, but most will run it, I think.<\/li>\n\n\n\n<li>Bulls now have bars with no overlap and gaps, so higher prices are likely.<\/li>\n\n\n\n<li>Can bears argue many legs? It has channelling behaviour, and breakout points overlap, but bear bars do not get triggered, which means fewer stop-order bears are in the market.<\/li>\n\n\n\n<li>I think limit order bears that sold the doji will get out when we test back down and become bulls as well. That is common in a TR environment and you can join with them and buy.<\/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 went higher last week, with bull bars above the MA again in a bull channel. After a miss earlier, it looks like 19000 is the target again. Bears needed to do more below the MA but failed. Sideways to up is more likely in a channelling style. DAX [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":212752,"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-212663","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\/07\/DAX-40-Consecutive-Bull-Bars-Heading-to-19000-1.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\/212663","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=212663"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/212663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/212752"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=212663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=212663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=212663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}