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MLby u/murphy_lotte·1hAnalysis

DAX Holding Above 18000 — Watching for a Decision

Morning all,

Been keeping a close eye on the DAX this week, and it's interesting to see it just kind of… hanging around the 18000 level. We had that decent push last week, and now it feels like a bit of a pause before the next move. On the daily chart, it's pretty clear that 18000 has been a psychological line in the sand, and so far, it's holding as support. Volume has been a bit subdued too, which isn't giving me any strong conviction one way or another just yet.

My thinking is we're either consolidating for another leg up towards 18200-18300, or if we get a decisive break and close below 17950-17900 on a decent volume, then it opens the door for a retest of 17800, maybe even lower. The risk for me here would be a false breakdown below 18000 that quickly recovers; those can be nasty. Just wanted to throw that out there and see if anyone else is seeing similar patterns or has a different read on it.

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