2025-07-22 - priceactiontds - daily update - daxMicro-DAX FuturesEUREX:FDXS1!priceactiontdsGood Evening and I hope you are well. comment: Bears had two legs down and the reversal from 24000 was strong enough to doubt this can go below 24000. I do expect some form of re-test of 24000 but the buying since then was insane again. Not a single 1h bar dropped below the prior one. current market cycle: trading range key levels: 24000 - 24600 bull case: Bulls next target is the breakout re-test of 24271 and if they can break above, the next target is today’s high at 24364. Above is likely no more resistance until 24450 or 24500. A print above 24271 would confirm the trading range and conclude the selling for now. This looks more like a two-legged move in a bigger trading range than stronger selling. Invalidation is below 24350. bear case: Bears need to keep it below the breakout price and re-test 24000. If they can leave an open gap, that would be great. Best would be to go sideways and stay below 24100 then but for now I have no trust in the bears. Invalidation is above 24271. short term: Neutral. No trust in bears but it would be great if we would stay below 23271 and test 24000 again. Daily close below 24000 would be a dream for bears. Above 24271 I would probably look for longs and higher prices again. medium-long term from 2025-06-29: Bull surprise last week but my targets for the second half of 2025 remain the same. I still expect at least 21000 to get hit again this year. As of now, bulls are favored until we drop below 23000 trade of the day: Selling EU open, no bigger resistance and only red bars on the 1h chart.