DAX Stabilizes Above 23,000 as Market Completes Five-Wave Decline and Attempts Bullish ReversalNov 28, 2025

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Here’s the latest technical backdrop on the DAX as the index trades near major support and begins to show early signs of a potential trend shift. Let’s take a look at our update that we sent to our members are 8 days ago, 19^th of November:

“DAX keeps moving lower and is now a bit sideways above 23k, a level that in my opinion can still be retested because it’s a pretty big zone when you look back to June lows, so possibly the market will spike below that area before it eventually stabilizes, and if you look at the wave structure it also makes sense to anticipate more weakness with short-term resistance for a fourth wave seen at 23347. The intraday trend would change only if we see an overlap with 23592”

It only took one day for DAX to fill our retracement target. Let’s take a look at the update we sent 7 days ago, 20^th of November:

“German DAX came a bit higher, but so far it doesn’t really look impulsive. In fact, this could easily be wave four that shows a similar length compared to the same degree retracement back into the previous November 7th swing low. So it looks like this could be an important potential swing zone that may attract new sellers, maybe for one final push down towards the 23k support. For a bullish case, you certainly want to see an invalidation of a bearish sequence, which would be on a close above 23 592”

Lo and behold, our expectations were aligned with market and price action respected our anticipations!

After 1 week of price action, we can see how nicely DAX has evolved into a strong uptrend, and has given us some nice opportunities on the way as well. Let’s see what we sent out today to our members area, 27^th of November:

“DAX is coming nicely to the upside after a rebound from 24K, where we marked a potential completion of five waves down, and we can even see the price recovering beyond the channel resistance or base-channel resistance, which is usually the first sign that this rise is impulsive rather than just a corrective bounce from November levels. However, some resistance could still be seen at the 61.8% area closer to 24K, but even if we get a pullback from there in three waves it will likely be just part of the new ongoing uptrend”

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