Technical analysis
DAX Wave Analysis – 15 July 2025
July 16, 2025 @ 00:36 +03:00
DAX: ⬇️ Sell
– DAX reversed from the resistance area
– Likely to fall to support level 23675.00.
DAX index recently reversed down the resistance area between the pivotal resistance level 24500.00 (former top of wave 3 from June) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the earlier short-term ABC correction B.
Given the strength of the resistance level 24500.00, DAX index can be expected to fall further to the next support level 23675.00.