{"id":2897,"date":"2024-05-17T06:50:26","date_gmt":"2024-05-17T06:50:26","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=2897"},"modified":"2025-05-15T14:15:31","modified_gmt":"2025-05-15T14:15:31","slug":"dax-may-bounce-at-this-level-may-2024","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/chart-of-the-day\/dax-may-bounce-at-this-level-may-2024\/","title":{"rendered":"If DAX Falls to This Level, We Could See A Bounce"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Like many other markets across the financial space, the DAX (DE30) saw a rise on Wednesday and formed a new all-time high. This was catalyzed by the, on the surface, bullish CPI m\/m data announcement – but we may be running into some trouble.<\/p>\n\n\n\n

Yesterday\u2019s close saw the DAX close with a daily bearish engulfing candle. Other markets such as the S&P 500, Nasdaq 100, Dow Jones, Bitcoin, and Gold also saw red days. <\/p>\n\n\n\n

This could spell some corrections coming in store for the general markets, but especially so for the DAX, which has the biggest red day among them.<\/p>\n\n\n\n

Technical Analysis of DAX 2024.05.17<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The DAX (Ticker symbol: DE30 on Alchemy Markets), is now potentially facing some minor corrections. <\/p>\n\n\n\n

\n\n\n\n

If the DAX is to correct, we may see some support levels at the following prices:<\/strong><\/p>\n\n\n\n

    \n
  • Previous high pivot \u2013 \u20ac18,525.16<\/li>\n\n\n\n
  • 0.618 Fibonacci Retracement, plus Yearly Point of Control \u2013 approximately \u20ac18,000<\/li>\n<\/ul>\n\n\n\n
    \n\n\n\n

    \u20ac18,000 is a critical level to monitor, serving as both a psychological threshold and a support level backed by multiple confluences.<\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    May 17th, 2024 – DAX (DE30) saw a red day on Thursday, forming a bearish engulfing candle. Where can we expect a potential bounce?<\/p>\n","protected":false},"author":159,"featured_media":2901,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-2897","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nIf DAX Falls to This Level, We Could See A Bounce - Alchemy Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/chart-of-the-day\/dax-may-bounce-at-this-level-may-2024\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If DAX Falls to This Level, We Could See A Bounce - Alchemy Markets\" \/>\n<meta property=\"og:description\" content=\"May 17th, 2024 - DAX (DE30) saw a red day on Thursday, forming a bearish engulfing candle. 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