DAX40 INTRADAY corrective pullback supported at 22226The DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone — the previous intraday consolidation level around 22,226.
This area now serves as a critical pivot point. A corrective pullback to 22,226, followed by renewed buying pressure, would likely confirm a bullish reversal, with upside targets at:
22,804 – Near-term resistance
23,252 – Medium-term resistance
23,475 – Long-term resistance level
However, if price breaks and closes firmly below 22,226 on a daily basis, the bullish scenario would be invalidated. In that case, the DAX40 could extend corrective pullback toward:
21,900 – Immediate support
20,457 – Major downside target
Conclusion
The bias remains bullish above 22,226, with rallies from that level offering potential long opportunities. A daily close below 22,226, however, would shift sentiment and open the door for bearish continuation toward lower support levels.
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