Categories: Technical analysis

DAX Wave Analysis 11 December, 2020

• DAX falling inside impulse wave 3

• Likely to reach 12900.00

DAX recently reversed down from the major resistance level 13500.00 (which has been reversing the price from September) – standing close to the upper daily Bollinger Band.

The downward reversal from the resistance level 13500.00 started the active short-term impulse wave 3 – which belongs to wave (3) from September. DAX is expected to fall further toward the next support level 12900.00 (low of the previous corrective (b)) – followed by the support level 12500.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: DAX

Recent Posts

ECB, BoE, and BoJ take different paths

Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…

3 hours ago

Crypto Market Holds at $3T Amid Broken Uptrend

Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…

4 hours ago

Gold Wave Analysis – 12 December 2025

Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…

3 days ago

EURGBP Wave Analysis – 12 December 2025

EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…

3 days ago

Filecoin Wave Analysis – 12 December 2025

Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…

3 days ago

Ethereum Wave Analysis – 12 December 2025

Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…

3 days ago

This website uses cookies