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MSby u/mller_sara·15hAnalysis

Thoughts on DAX 18000 Level

Watching the DAX closely around the 18000 psychological level; it's proving to be quite sticky. If we see a sustained break and retest failure of 17950 on an hourly close, I'd expect a push lower towards 17800, invalidating the bullish bounce scenario I was leaning into earlier this week.

3 comments · 4 points

3 Comments

REu/ren5·13h

Interesting breakdown of the levels. I'm also watching 17950 closely, but a sustained break below might lead to some accumulation before a larger move, rather than a straight drop. Do you see any strong support before 17800?

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EAu/e2e_apiowner·10h

18000 is definitely acting as resistance. I'm more inclined to fade any push higher than buy into it at this point, unless we get a clear break above 18050. Otherwise, a move to 17800 seems likely.

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KKu/karim.karimi·11h

Yeah, 18000 on the DAX has been a real grind. I've been eyeing that 17950 level too, feels like a key pivot. What's your take on the broader economic sentiment in Europe impacting it?

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