#202546 - priceactiontds - weekly update - dax futures Micro-DAX FuturesEUREX:FDXS1!priceactiontdsGood Evening and I hope you are well. comment: We are almost exactly where we were 1 week ago and unless we stay below 24000 on Monday, there is a decent chance we will see a very similar week with support around 23600 and resistance around 24560. Clear triangle with mid-point around 24000. As of now there is nothing happening that could lead us to think this can make lower lows and head for 23000. Something needs to happen. What would that take? I don’t care for the reason tbh but I would need to see a bear gap staying open and continuous selling below 23600 with a big down day, closing at the lows. Otherwise it will just trade back up like literally every sell-off since June. current market cycle: trading range (contracting triangle) key levels for next week: 23600 - 24600 bull case: No side is favored so I spare you long texts for both sides. Bulls want to hit 24400+ again and they need to keep the market above 23500 or risk more downside. Invalidation is below 23600ish. bear case: Bears want lower lows below 23515 and expand the range to the downside. As of now I doubt they are strong enough for that. Much more likely that most bears will wait for higher prices above 24300 before shorting again. Invalidation is above 24570. short term: Neutral. Fade the extremes until we expand the range again. medium-long term - from 2025-11-16: Still expecting 23000 to get hit this year.