FDAX : Limited upside before a multi-weeks bearish correction
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DAX Futures Technical Outlook (Current Level: 22,350): Limited price/time potential before a high probability multi weeks bearish correction
Technical Analysis: - Current price at significant daily resistance (22,350/22440 area)
- Weekly and monthly momentum indicators showing extreme overbought conditions (a very high probability that a reversal is quite imminent)
-A breach of today's critical support level at 22,220 would be a sufficient technical trigger for the start of the multi-week correction**
Alternatively, an aggressive entry below 22335 with a tight stop loss
Minimal Price Targets:
High probability target (1-2 weeks): ~21,580 High probability target (4-8 weeks): 20,850 Extended target (4-8 weeks): 20150 (-10%)
Next resistance zone: 22,580-22,660
Potential Fundamental Catalysts:
- IA sector revaluation post-Deepseek - German elections with far_right eurosceptic Afd ---gaining traction in the polls - Geopolitical tensions over Gaza - Trade tariffs
Today's cooler CPI print is being overlooked by markets - this could be the short-term catalyst that triggers the bearish shift
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.