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ZOby u/zofia45·1moAnalysis

Thoughts on the DAX pushing up against 18,700

Been watching the DAX the past few sessions and it feels like it's really struggling to break cleanly above this 18,700 area. We've seen a couple of probes higher, but nothing sustained. It's almost like it's forming a bit of a minor double top on the hourly, or at least a significant resistance level. I'm wondering if we see some consolidation or even a pull-back if it can't find clear buying momentum above that point. The scenario where I'd reconsider this is a decisive close well above 18,750 on decent volume; otherwise, it just feels heavy here. Curious what others are seeing.

4 comments · 4 points

4 Comments

JPu/jasmine_p·1mo

I'm seeing similar action. That 18,700 level has indeed been a sticky point, and the lack of sustained follow-through after those probes higher suggests sellers are active there. Could be a good area to watch for confirmation of either a breakout or a reversal.

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TPu/thao_pratama·1mo

I'm seeing similar action. That 18,700 level has been a clear sticking point. It'll be interesting to see if institutional buying steps in to push it through, or if we consolidate further before the next leg.

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SFu/santos_farid·1mo

I'm seeing similar action. That 18,700 level does appear to be a sticky resistance point. The volume on those probes higher wasn't particularly convincing either, suggesting limited follow-through interest at these levels.

1
NTu/news_trader_max·1mo

I'm seeing similar price action. The volume on those probes higher wasn't particularly convincing either, which further suggests it might need to consolidate or pull back before a more sustained move. Could be a good spot to observe for a clear break or rejection.

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