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The current price is around 25311
The German DAX index has been trading within a clear ascending channel for several months… and has undergone an internal correction, finally returning to demand territory.
The German DAX index has been trading within a clear ascending channel for several months… and has undergone an internal correction, finally returning to demand territory.
This is not the pinnacle of publishing…
Rather, it is a breakout in an uptrend.
▪️ The ascending channel remains intact.
▪️ 24,600 – 24,800 areas of institutional need.
▪️Short-term resistance at 25,500 points.
▪️ Main liquidity accumulation is at 26,200 – 26,500.
Every dip so far has been a rebalancing within the trend.
If the price remains above 24,800
And steadily exceeded 25,500:
🎯26,000
🎯26,300
🎯26,500+
A break above 26,500 could accelerate the move towards new highs.
🔴Alternative Scenario
It just fell significantly below 24,600 points
We might see:
23,500
then 23,000
This will be a deeper correction…
Unless it falls below 23,000 points, it is not a long-term reversal.
🟢 Logical purchase:
24,800 – 25,000
Stop loss: below 24,500
Target: 26,000 → 26,500
🟢 Buy Momentum:
Breaking 25,500
Target 26,300+
🔴 Speculative sales represent only a small portion of 24,600
Target 23,500.
DAX moves quietly…
But its direction is clear.
As long as the ascending channel respects itself…
Selling is a bet on the general trend.
Read the channel…
It does not precede penetration.
Mohammad Halawani 🔱
Control Academy