Market Overview: DAX 40 Futures DAX futures moved down again last week with DAX 40 consecutive bear bars and setting up a possible wedge bottom. The bears got a break below the March lows, but we have been going sideways for many weeks, it might form a tighter trading range here. Bears want a follow-through […]
DAX 40 Wedge Bottom and Tight Trading Range
Market Overview: DAX 40 Futures DAX futures was a DAX 40 wedge bottom and a tight trading range, low in a large trading range. it could be a double bottom buy setup, but bearish enough for a second leg down next week. Bulls are looking to swing for a break higher and measured move up. […]
DAX 40 Bull Inside Bar, Double-Bottom Buy Signal
Market Overview: DAX 40 Futures DAX futures was a DAX 40 bull inside bar, a double bottom buy signal on the weekly. It’s a second entry long setup which is a reasonable entry on this timeframe, but it’s been lower lows all year so a difficult trade to make. We are slightly above the harmonic […]
DAX 40 Breakout Test of the Prior Trading Range
Market Overview: DAX 40 Futures DAX futures reversed strongly closing on the lows so it’s a sell signal on the monthly chart. It’s a DAX 40 breakout test of the prior trading range of January 2021. The bears want a move back into that range, a failed wedge bottom. The bulls see support at the […]
DAX 40 Bear Surprise Bar and Always in Short
Market Overview: DAX 40 Futures DAX 40 bear surprise bar and always in short on the weekly chart. The bears want a follow-through bar breaking below the range for a move down. The bulls have successfully reversed up twice here and will look to scale in here and lower. We look like we will go […]
DAX 40 Bear Reversal at the Moving Average
Market Overview: DAX 40 Futures DAX 40 bear reversal at the moving average. It’s a tight bull channel with 4 consecutive bull bars so it’s not a high probability sell below, but bears have been selling the moving average and making money. We are also at a measured move target on the weekly, although short […]
DAX 40 bull breakout at moving average
Market Overview: DAX 40 Futures DAX 40 bull breakout at the moving average (MA) so traders will decide next week where we go from here. The bears have been selling the MA since January and making money, and markets have inertia so we should expect selling above this week’s bar. But has the context changed? […]
DAX 40 pause at 20-week moving average
Market Overview: DAX 40 Futures DAX futures moved higher last week but was a pause at 20-Week Moving Average (MA) and ended as a bull doji at the MA. We have been trending down all year and the moving average has been resistance so we should expect bears to sell again above this week. But […]
Dax 40 bull bar at prior breakout point
Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point. It’s always in short on the monthly chart and weekly but with consecutive bull bars at prior breakout points on the weekly we might go sideways. It is a low probability buy for the bulls and it’s selling low […]
DAX 40 High 1 bear channel pullback
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 […]