Market Overview: DAX 40 Futures DAX futures printed 3 bear bars on the monthly chart, a bear spike, for the first time since 2019. When the market has a moment of clarity, it usually pulls back. When it doesn’t, it creates a magnet to test later. We’re low in a tight bull channel, so traders […]
DAX 40 Breakout Below a Wedge, MM Target, AIS
Market Overview: DAX 40 Futures The DAX future chart has a breakout below a wedge on the weekly chart. It was a bear bar following another bear bar, so there was nothing to buy here. The stop is far away, and no opposite signals yet, so the probability is to lower prices. We might need […]
DAX 40 Measured Move Down, Middle of Broad Bull Channel
Market Overview: DAX 40 Futures DAX futures moved lower last week with a give-up bar, and so are going for a measured move down. The bulls tried to get a wedge bottom reversal or a High 2, but both failed, and no one wanted to buy the weak signal. It is close to support and […]
DAX 40 Sideways at Bear Swing Target, Gap Closed
Market Overview: DAX 40 Futures DAX futures moved sideways last week, low in a trading range at the prior swing low. The bears closed the last gaps and have struggled to get a break below this possible wedge bottom channel line. Bulls want to buy, but it is still a low-probability trade until a good […]
DAX 40 Wedge Bull Flag, Bear BO or Bigger ET?
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear bar in what looks like a wedge bull flag. But it is confusing, for some traders it is always in short. Because we broke below the swing low, tested and now are moving down below the MA. For other […]
DAX 40 Dueling Lines, Wedge Top to a DT, Pullback to MA
Market Overview: DAX 40 Futures DAX futures was a dueling lines pattern last month, three pushes up a wedge top to a DT. It was a weak sell signal, but triggering a sell, high in a possible TR, and after three bull pushes up, might attract bear swing sellers. Some bulls are scaling in below […]
DAX 40 Surprise DT Bear Flag, Bear Bar Below MA
Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
DAX 40 Big Bull Outside Up, Closing Above MA and in TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week with a bull outside up bar closing above the MA and back in the middle of the TTR. Most bulls will want to see a consecutive bull close above the MA to get back to always in long. Some bulls are stuck high after […]
DAX 40 Bear Close Under MA – 2nd Leg Down or Reversal
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear close under the MA but could not get far below just yet. The bulls want this to be a bull flag, and then BO and move back to test the highs. The bears see a HTF trading range, and […]
DAX 40 Middle of Expanding Triangle, TTR, DT
Market Overview: DAX 40 Futures DAX futures moved lower last month to the middle of an expanding triangle. It is a TTR and BOM, so most traders should wait for more information. The bears were able to get below the low of the prior month but only found buyers. Any bulls that bought in July […]