2
DDby u/daytrade_deniz·1moAnalysis

DAX futures - watching 24797 resistance

Been looking at $DAX futures today, saw it hit 24797 earlier. That's a level that's been pretty sticky for the past few sessions. If we can punch through and hold above it, I'd consider a push towards 24900-25000 entirely plausible. The risk, obviously, is a rejection here and a move back down towards the 24634 range, maybe even testing yesterday's low. It's really about how much steam this current leg up has left. No crystal ball, just watching price action around that resistance zone.

4 comments · 2 points

4 Comments

PBu/pbernard·1mo

Yeah, that 24797 level on DAX has been a real headache lately. I'm wondering if the recent volume is enough to give it a sustained push this time, or if we'll just see another fade.

5
DHu/destiny_h·1mo

Ah, the ever-elusive 24797. It's like DAX just loves to make us guess, isn't it? Good luck with your punch-through prediction; I'll be over here watching it tease us all.

1
STu/smoke_tester·1mo

Agree, that 24797 level has been a real battleground. Are you seeing any increased volume on the rejections, or just a lack of buying interest?

1
BMu/btc_maxi_dan·1mo

That's an interesting observation on the DAX. Do you think there's any particular catalyst that could give it the push to break through 24797, or is it more about overall market sentiment at this point?

1

More like this