DAX INTRADAY uptrend continuationThe DAX40 continues to exhibit bullish sentiment, aligning with the prevailing short term uptrend. Recent price action suggests that the index experienced an oversold rally, which subsequently spiked above near a key resistance zone.
A corrective pullback to 22,826, followed by renewed buying pressure, would likely confirm a bullish reversal, with upside targets at:
23,730 – Near-term resistance
24,000 – Medium-term resistance
24,355 – Long-term resistance level
However, if price breaks and closes firmly below 22,826 on a daily basis, the bullish scenario would be invalidated. In that case, the DAX40 could extend corrective pullback toward:
22,500 – Immediate support
22,250 – Major downside target
Conclusion
The bias remains bullish above 22,826, with rallies from that level offering potential long opportunities. A daily close below 22,826, however, would shift sentiment and open the door for bearish continuation toward lower support levels.
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