DAX breakouts vs. follow-through this year - what's the consensus on entries?

asked by u/fatima98 · 12d · 2 answers

Hey everyone, still finding my feet with European markets. I've been watching the DAX, and it feels like every time we get a decent breakout above a resistance level, the follow-through just isn't there, or it's short-lived before retracing pretty significantly. I'm struggling with conviction on entries after these initial pushes. Are others finding this a consistent theme with $DAX this year, and if so, how are you adjusting your entry strategies, or perhaps your position sizing, to account for the choppiness?

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Top answers

  • u/news_trader_max· 15 pts· 11d

    It's not just the DAX; a lot of indices are showing similar behavior with failed breakouts. I've found waiting for a clear retest of the broken level, and seeing if it holds as support, is often a better entry than chasing the initial push.

  • u/riku91· 5 pts· 11d

    The DAX has certainly been challenging. Many breakouts have indeed been met with quick reversals, making it difficult to hold for any real extension. It's a theme I've observed across several European indices, not just the DAX.

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