Market Overview: DAX 40 Futures DAX futures moved sideways last week, with a DAX 40 inside bar closing above its midpoint. The bull trend has been strong, and without bears closing consecutive bear bars, it’s hard for bears to swing short. There are open gaps below, and it looks like the bulls will get to […]
DAX 40 Outside-Outside, Expanding Triangle in Bull Channel
Market Overview: DAX 40 Futures DAX futures was a OO, a Dax 40 Outside-Outside bar setup and expanding triangle high in a bull channel. The bulls want a break above and push to the all-time high (ATH) and their measured move target above. The bears want the bull BO to fail and reverse strongly back […]
DAX 40 Breakout above Expanding Triangle
Market Overview: DAX 40 Futures DAX futures moved higher last week with a small doji. The bull breakout above expanding triangle is weak, but the small pullback bull trend is strong. We may need to get to the all-time high before bears get a decent sell signal. The bull channel line is far above, so […]
DAX Bad Follow-Through above Expanding Triangle
Market Overview: DAX 40 Futures DAX bad follow-through with two dojis now after a bull breakout from the moving average. The bulls moved the price higher, but with dojis now expect some trading range price action. We have already begun an expanding triangle, so we could even get a fast move down. But without any […]
Nifty 50 futures strong leg up
Market Overview: Nifty 50 Futures Nifty 50 futures strong leg up on the weekly chart near an all-time high. This week Nifty 50 again gave a bull close and continues the bull micro channel (6-bar bull micro channel). As the current bull leg is very strong there are very high chances that market would get […]
Nifty 50 Futures ioi Pattern
Market Overview: Nifty 50 Futures Nifty 50 futures ioi pattern (inside-outside-inside bar) formed on the monthly chart. The market gave a strong bull close but is currently near the trading range top, so traders would wait for a good follow-through bar (or breakout) before taking any position. The Nifty 50 on the weekly chart gave […]
Nifty 50 Futures Expanding Triangle
Market Overview: Nifty 50 Futures Nifty 50 futures expanding triangle on the weekly chart, the market formed a bear bar after 4 weeks. Bulls expect one more leg up before any reversal, but bulls can book some profits as an expanding triangle top. Nifty 50 on daily chart forming minor wedge top which has a […]
Nifty 50 futures consecutive bear bars closing near low
Market Overview: Nifty 50 Futures Nifty 50 futures consecutive bear bars formed on weekly chart closing near their lows, and also near measured move target shown in the weekly chart below. Nifty 50 on the daily chart forming micro double bottom just above March month low and also making a wedge bottom so possible reversal expected. […]
Nifty 50 futures positive gap acting like magnet
Market Overview: Nifty 50 Futures The Nifty 50 futures positive gap acting like magnet with market still being in an expanding triangle, but started with a new bear channel in the daily charts, finally market gave a breakdown of a wedge. Nifty 50 futures The Weekly Nifty 50 chart General Discussion Increasing bearishness near the […]
Nifty 50 futures measuring gap near triangle top
Market Overview: Nifty 50 futures Nifty 50 futures measuring gap near 17900 with a weak bull bar at the top of an expanding triangle, and overall NIFTY 50 remained up by 1% this week. Nifty 50 futures The Weekly Nifty 50 chart Deeper into the price action Last few bars have been closing near their […]
