DAX INTRADAY decision point at 21520The DAX40 continues to exhibit bearish sentiment, aligning with the prevailing downward trend. Recent price action suggests that the index experienced an oversold rally, which was subsequently rejected near a key resistance zone — the previous intraday consolidation level around 21,520.
This area now serves as a critical pivot point. A failure to break above 21,520, followed by renewed selling pressure, would likely confirm a bearish reversal, with downside targets at:
20,333 – Near-term support
19,557 – Medium-term support
18,780 – Long-term support level
However, if price breaks and closes firmly above 21,520 on a daily basis, the bearish scenario would be invalidated. In that case, the DAX40 could extend gains toward:
21,880 – Immediate resistance
22,330 – Major upside target
Conclusion
The bias remains bearish below 21,520, with rallies into that level offering potential short opportunities. A daily close above 21,520, however, would shift sentiment and open the door for bullish continuation toward higher resistance levels.
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