DAX Index: Further Upside Ahead? 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.
