Trend Overview:
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favor the upside, although recent intraday price action suggests a sideways consolidation, signaling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot), followed by 23445 and 23200
Resistance: 24570 (initial), then 24770 and 25000
Technical Outlook:
A pullback toward the 23680 support—which aligns with the prior consolidation zone—could offer a buying opportunity if price action confirms a bullish reversal from that level.
A sustained break above 24570 would likely accelerate bullish momentum, targeting 24770 and 25000 over the medium term.
Conversely, a daily close below 23680 would invalidate the bullish bias, exposing the index to a deeper retracement toward 23445 and potentially 23200.
Conclusion:
While the broader DAX trend remains bullish, traders should watch for price behavior around the 23680 level. A bounce could resume the uptrend toward 25000, but a confirmed breakdown would shift the short-term bias to bearish, signaling a deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The DAX Index remains in a bullish trend, supported by a series of higher highs and higher lows. The broader structure continues to favor the upside, although recent intraday price action suggests a sideways consolidation, signaling a potential pause within the prevailing uptrend.
Key Support and Resistance Levels:
Support: 23680 (key pivot), followed by 23445 and 23200
Resistance: 24570 (initial), then 24770 and 25000
Technical Outlook:
A pullback toward the 23680 support—which aligns with the prior consolidation zone—could offer a buying opportunity if price action confirms a bullish reversal from that level.
A sustained break above 24570 would likely accelerate bullish momentum, targeting 24770 and 25000 over the medium term.
Conversely, a daily close below 23680 would invalidate the bullish bias, exposing the index to a deeper retracement toward 23445 and potentially 23200.
Conclusion:
While the broader DAX trend remains bullish, traders should watch for price behavior around the 23680 level. A bounce could resume the uptrend toward 25000, but a confirmed breakdown would shift the short-term bias to bearish, signaling a deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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.