CAC @ 8,346: The 7.6/10 Wall at 8,377 vs Strong 8,331 Floor

212
▪️ CAC M30 SNAPSHOT — EXECUTIVE SUMMARY

▪️ the DAX is basing near 8,346, leaning on a shelf that buyers have repeatedly defended. Structure is coiling, with a firm floor beneath price and a stack of supply overhead.

▪️ Primary outlook is neutral-to-constructive — 8,331 is the line in the sand. Defended, it keeps the recovery intact; forfeited, it hands the initiative back to sellers.

▪️ Key resistance zone: 8,377, tagged 37 times and likely to cap the first attempt. Above that sits 8,424, then 8,454.

▪️ Major defense line: 8,331 — a strong level at 25 retests. As long as it caps the downside, dips are for buying, not chasing.

▪️ Primary downside targets if it cracks: 8,275, followed by 8,238, where resting liquidity sits.

▪️ Major liquidity magnet below: 8,275–8,238 — a test here tends to draw a sharp reaction.

▪️ Bullish scenario: A daily close back above 8,377 flips the tape and targets 8,424, then 8,521.

▪️ KEY LEVELS

RESISTANCE
▪️ 8,521 — ★ 4.6 Weak · 6 retests
▪️ 8,495 — ★ 4.1 Weak · 14 retests
▪️ 8,454 — ★ 4.4 Weak · 13 retests
▪️ 8,424 — ★ 4.7 Weak · 24 retests
▪️ 8,377 — ★★★ 7.6 Strong · 37 retests

▪️ Current Price: 8,346

SUPPORT
▪️ 8,331 — ★★★ 7.9 Strong · 25 retests
▪️ 8,275 — ★★★ 7.9 Strong · 38 retests
▪️ 8,238 — ★★ 7.0 Moderate · 46 retests

▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for CAC, DAX, UK100. NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.