DAX Is Eyeing 18k Area
Mar 1, 2024

DAX

DAX remains in bullish trend, and it’s very strong one; a move that can resume even higher. The short-term, 4h time frame shows that market is in a fifth wave up from 16346 low, but it seems there is room for more gains within a projected five-wave bullish cycle of the lower degree. Currently we are tracking wave (3) with room up to 17800 – 17900 area, just be aware of wave (4) pullback before a bullish continuation for wave (5) of 5 towards 18k.

DAX Is Eyeing 18k Area DAX 4H Chart
DAX 4H Chart

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