Istvan Balazsa

DAX — week of July 20 – 24, 2026 SHORT Two weeks ago the 26,064 'breakout' was a trap I called; last week the tape fade-and-flushed to 24,715 , exactly where I mapped it. Now it's coiled on the one number that matters, and almost nobody prints it: the weekly EMA ( 24,996 ), the weekly pivot ( 24,997 ), the 4H EMA ( 24,999 ) and the week's VWAP ( 24,950 ) are stacked inside a fifty-point knot at 24,950–25,000 . Price is sitting one tick above the whole cluster, bouncing a limp +0.3% off Friday's 24,715 low. That knot is the hinge — not the obvious 26,000 top, not the round 25,000 the tourists circle. Above it sits a tight ceiling: R1 at 25,279 tucked under last week's 25,343 high, a 64-point band where every bull trapped at 26,000 waits to average down. I'm a seller into 25,279–25,343 for