Market Overview: DAX 40 Futures DAX futures was a High 1 Bear Channel Pullback. It’s a major trend reversal on the daily timeframe but still always in short on the weekly. Confusion, sideways but probably more upside as we are struggling to get below the March lows. Both DAX and FTSE are looking stronger but […]
DAX bear inside bar at 13000
Market Overview: DAX 40 Futures DAX futures was a Dax bear inside bar at the 13000 big round number. Although the bear trend is still in effect we have been going sideways for a few weeks now. The bulls are starting to get daily consecutive bull bars so we might see a break next week. […]
DAX 40 bear channel pause at 13000 big round number
Market Overview: DAX 40 Futures DAX futures broad bear channel pause at the 13000 big round number. We have been saying for the past few months that the market might need to spend some time here to decide where to go next. The bulls see a double bottom to set up a major trend reversal […]
DAX 40 outside down bar at 13000 big round number
Market Overview: DAX 40 Futures DAX 40 outside down bar at 13000 big round figure. The bulls failed to break out of the trend line and the inside-outside down pattern was sold off. It is a micro double bottom with March and looks bearish, but we are at prior support for the bulls. If the […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
DAX failed bull breakout, possible double bottom
Market Overview: DAX 40 Futures DAX failed bull breakout and a possible double bottom. Traders sold the market for the last 2 weeks so we should get a another leg down but it’s at key support so profit taking will take us sideways. If bulls can get a good reversal that might set the trading […]
DAX 40 bear surprise at 20-week moving average
DAX 40 bear surprise last week at the 20-week moving average (MA). The bears got a successful moving-average gap bar sell signal at a double-top. Now we are sitting at the 200-week moving average. It’s not as bearish as it could be because we didn’t create a new low and the bulls will look to […]
DAX 40 bull bar at prior breakout point
Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point and at the moving average. It’s a tight trading range on the lower timeframes as traders decide where we are going. The bulls see a weekly major trend reversal and a developing small pullback bull channel. The bears see […]
DAX 40 bull surprise bar at 20-week MA
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 bull surprise bar at the 20-week moving average (MA). It looks like we are always in long on the daily chart but we have been going sideways here for many weeks so no matter how bullish it looks so can […]
DAX 40 double bottom in bear channel
Market Overview: DAX 40 Futures DAX 40 futures moved slightly higher last week with a DAX 40 double bottom in a bear channel. It is a tightening range so it’s breakout mode. It looks more bullish on the daily chart however with a possible higher low major trend reversal. The bulls want some follow through […]