On the DAX chart, we’re tracking a very large diagonal pattern to the upside, which is likely not yet complete. We are probably in the late stages of circle wave C, within a larger third wave in the yellow scenario.
Upside Targets
Next resistance levels: 24,205 and 25,715 EUR
Support Zone for Wave 4
Support area: 22,512 to 21,610 EUR
This zone would become more relevant if the current rally completes and Wave 4 begins.
On the very small time frame, it’s possible that the internal fourth-wave pullback within circle wave C has already started.
Micro support remains between 22,512 and 21,610 EUR
A break below 22,260 EUR would help confirm that wave 4 is underway
However, one more high is still possible before that pullback begins—this would align with the white scenario, where the current move finishes wave 3 before wave 4 kicks in.
Upside Targets
Next resistance levels: 24,205 and 25,715 EUR
Support Zone for Wave 4
Support area: 22,512 to 21,610 EUR
This zone would become more relevant if the current rally completes and Wave 4 begins.
On the very small time frame, it’s possible that the internal fourth-wave pullback within circle wave C has already started.
Micro support remains between 22,512 and 21,610 EUR
A break below 22,260 EUR would help confirm that wave 4 is underway
However, one more high is still possible before that pullback begins—this would align with the white scenario, where the current move finishes wave 3 before wave 4 kicks in.
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.
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.