Stocks

DAX Is Extending Its Bullish CycleJan 30, 2025

DAX is rising strongly higher on a daily chart, which looks like an extended wave 5 of III with space for more gains towards the upper side of an EW channel up to 22k-23k area, as we see an unfinished lower degree five-wave impulse.

DAX Is Extending Its Bullish Cycle DAX Daily Chart
DAX Daily Chart

In the 4-hour chart, we are tracking lower degree wave 3 of (3), but it can be in final stages of subwave “v” that can stop at 21800 – 22000 area and from where we should be aware of a new lower degree wave 4 correction that can revisit the support around 21000 level. DAX is bullish as long as the price is above 20500 invalidation area.

DAX Is Extending Its Bullish Cycle DAX 4H Chart
DAX 4H Chart

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