DAX Index: ⬇️ Sell
– DAX Index reversed from strong resistance level 26600.00
– Likely to fall to support level 26000.00
DAX Index recently reversed down from the strong resistance level 26600.00, which has been reversing the price from the middle of August, stopping wave 1 at the end of August.
The downward reversal from the resistance level 26600.00 started the active short-term correction inside the impulse wave iii of 3.
Given the strength of the resistance level 26600.00 and the overbought daily Stochastic, DAX Index can be expected to fall further toward the next round support level 26000.00 – former strong support from August.