Analysis of the German DAX in the short term

Expected Scenarios for the German DAX Movement .


The German DAX has begun to rebound

after breaking the downtrend of the corrective wave

on the 4-hour and hourly time frames.

Currently, the indicator is retesting breached resistance areas

which are now expected to become support areas.

Therefore, if the indicator remains above the current areas and the hourly candle closes

at the high (its highest levels), the upward trend is expected to continue

to the targets shown at the 24,360 and 24,500 levels, respectively.

If the support areas are retested again and a buy signal appears,

a rebound is expected as long as the areas are not broken.


Another Scenario:

If the support areas are broken and a full hourly candle closes below them,

a decline to demand areas is expected, from which we may see another uptrend.

However, this scenario is currently slightly unlikely. 

The most likely scenario is an upward move from the current support areas,

 as long as they are not broken.