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