The German DAX and a single scenario to complete the ascent

A strong buying opportunity awaits on the German DAX.


The German DAX is generally moving in an uptrend

on the daily and weekly time frames.

On the lower time frames, it is moving in a clear supply direction.

Currently, on the hourly time frame, there is a descending price channel.

What is very important for us to see a resurgence is to break the descending channel,

 penetrate the supply zones, and close above them.

As shown on the chart, specifically, a close above 24264.

If the supply zones are broken and closed above them, 

a rise to the specified targets of 24350 and 24450, respectively, is expected.