DAX 40: 24,840 Finally BrokeGermany 40TRADENATION:DE40BazemtraderDAX has spent three straight sessions chopping around 25,000 without a clean break either way. That ended overnight. THE LINE THAT FINALLY GAVE A global chip-stock rout hit overnight - Nikkei -5%, TSMC -7% despite beating earnings and announcing $100B more in US capacity, Kioxia -16%. Same story that's been hammering Micron and SanDisk all week finally spread to European indices. DAX opened at 24,870, broke straight through the 24,840 make-or-break for the first time since it published this morning, and printed a fresh low of 24,609 - undercutting the prior tactical's 24,636 target before buyers stepped in. Price is now bouncing, sitting around 24,750, but still trading below the level that held twice last week. THE BOUNCE, NOT THE ALL-CLEAR Short: a 1H close back below 24,750 with 24,840 rejected on the retest -> entry, stop above 24,840, target 24,636 first then 24,400. No trade: 24,636-24,840 - this whole pocket is still digesting the overnight move. Bulls: a 1H close back above 24,840 that holds -> the breakdown thesis is dead for the session, stand aside. WHAT WOULD PROVE ME WRONG If DAX reclaims 24,840 and holds it on a confirmed close, this was a wick, not a break, and the three-day range is still intact. No shame in that - overnight moves on thin liquidity overshoot all the time. THE TAKEAWAY A level that held twice last week (Jul 8, Jul 14) breaking on the third real test, during a session with an actual global catalyst behind it, is a different animal from the fakeouts earlier this week. Whether it sticks is what the next few hours decide. I will update this idea as the levels get tested. (Zooming into the make-or-break level from my daily DAX map: https://www.tradingview.com/chart/DE40/wfKYnm9C-DAX-Back-Above-25-000-After-a-1-060-Point-Dive/)