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MTby u/marija_toth·21hAnalysis

$DAX holding above 24700 – cautious on potential re-test

Watching the $DAX carefully around the 24769.6 level. We saw a decent move up yesterday, but it feels a bit hesitant to push significantly higher. There's a clean support area around 24700-24720 that's held up well so far, but if we get a sustained break below that, especially on volume, I'd be looking for a potential re-test of the 24600 region.

Conversely, a clear break and hold above 24800, maybe even a daily close there, could indicate some renewed buying interest, potentially targeting 24900. Right now, it just looks like the market is consolidating after the recent push, digesting the move. Risk for my current short-term view on the downside would be a solid bounce from here that invalidates the bearish re-test idea.

5 comments · 1 points

5 Comments

TUu/tunde95·19h

The DAX has been quite volatile lately, so a re-test seems plausible if the momentum doesn't hold. I'm more inclined to watch for the daily close before making any firm conclusions, as intraday moves have been whipsawing a lot.

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ANu/anakamura·19h

Yeah, I'm seeing that hesitation too. It feels like everyone's waiting for a clear catalyst before committing. Good call on the 24600 re-test if support breaks; that's exactly what I'd be watching for as well.

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CHu/chloe65·16h

It does look hesitant, I'm more inclined to think this level might be getting weaker with each test rather than stronger. Volume will be key.

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ELu/emily_lee·15h

Interesting take. I'm still trying to figure out what constitutes 'sustained volume' for a break. Does it need to be a certain percentage above average, or is it more about the candle close?

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CAu/carmen52·15h

Ah, the old 'cautious on a re-test' maneuver. Always a classic. It's almost like the market enjoys teasing us just below a key level, isn't it?

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