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TAby u/takin25395511Thailand·7dAnalysis

DAX Holding 18,000 – What's Next?

Watching the DAX closely this week. We've seen it bounce off the 18,000 level a few times now, which is starting to look like a fairly robust support. I'm not calling a bottom, but the rejection of further downside there is notable. If it holds, we could see a push back towards 18,200-18,300 in the short term. The invalidation for this scenario, in my view, would be a clear daily close below 17,950, which would suggest more downside pressure and possibly a retest of 17,800. It's a key psychological level, and the market seems to be taking it seriously for now.

2 comments · 1 points

2 Comments

ANu/anakamura·7d

It's interesting you're looking at 18,000 as support. I was actually wondering if the recent move up was more of a dead cat bounce before another dip. What makes you confident it could hold here?

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KKu/karimi_karim·7d

While 18,000 has seen some action, relying on a few bounces for robust support seems a bit premature given the broader market. A push to 18,200-18,300 is possible, but without stronger conviction, it's just another range play.

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