DAX Index Technical Analysis – March 12, 2025 (15-Min Chart)1. Trend Identification
Reversal to Bullish Momentum:
The price has broken above the 200-period moving average (red line), indicating a shift from bearish to bullish sentiment.
The Point of Control (POC) at 22,324.82 previously acted as strong support, from which price has bounced.
Volume Confirmation of Bullish Move:
The last 60 bars show an up-volume dominance of +32.10%, confirming that buyers are gaining control.
However, the 120-bar volume is still slightly negative (-1.71%), indicating lingering selling pressure.
2. Key Support & Resistance Levels
Immediate Support: 22,500 - 22,550 (recent breakout zone).
Stronger Support: 22,324 (POC) – a critical level where buyers stepped in.
Immediate Resistance: 22,700 - 22,750 (local resistance zone).
Upside Target: 23,000 - 23,200 (upper trend channel projection).
3. Volume Analysis
Last 120 Bars: Up Vol < Down Vol by -1.71%, showing slight selling pressure.
Last 60 Bars: Up Vol > Down Vol by +32.10%, indicating strong short-term buying activity.
Interpretation:
Bullish Confirmation: Buyers have stepped in aggressively, pushing price above the 200-MA and key support zones.
Watch for Pullbacks: A retracement toward 22,500 - 22,550 could provide a better long entry before continuation.
4. Chart Patterns & Projections
Bullish Continuation Scenario: If price holds above 22,550, it is likely to move toward 23,000 - 23,200 within the ascending channel.
Bearish Pullback Scenario: If price fails to hold 22,500, a retracement to 22,324 or lower is possible.
Trade Setups & Risk Management
1. Long Trade Setup (Bullish Scenario)
Entry: Buy near 22,550 (pullback entry) or above 22,750 (breakout confirmation).
Stop-Loss: Below 22,500 (recent support).
Targets:
First Target: 22,900
Final Target: 23,200 (upper channel resistance).
Risk-Reward Ratio: 1:3 or better.
2. Short Trade Setup (Bearish Pullback Scenario)
Entry: Sell below 22,500 (breakdown confirmation).
Stop-Loss: Above 22,700.
Targets:
First Target: 22,400
Final Target: 22,324 (POC & key support).
Risk-Reward Ratio: 1:2 or better.
