1
Thoughts on DAX structure around 18k
Watching the DAX closely around the 18,000 level. It's been range-bound for a bit, and while the broader trend remains up, a clear break and sustained close below 17,850 on higher volume would definitely make me reassess the short-term bullish outlook. For now, it seems to be finding decent support on pullbacks, but the momentum needs to pick up for a significant move higher.
1 comments · 1 points
I'm seeing similar patterns. Do you think the current price action is more about consolidation before another leg up, or could it be a distribution phase before a more significant correction? The volume on those bounces is key, as you mentioned.