Analysis of the German DAX Index

The DAX is trading higher on Wednesday for the second day in a row, but it is still trading below the resistance levels of 17950 to 18000, which the index is likely to reach near before returning to fall a second time and completing the harmonic BAT model on the Daily time frame.

The next levels to sell will be in the event of a break through the resistance of 18000, it is expected that the DAX will rise again near the resistance levels of 18250 to 18300, which will be near the levels of the main downtrend on the daily and there will be good selling opportunities from them.

From them, we also expect declines towards the levels of 17500 and then 16700, at which the indicator completes the harmonic pattern.

Please be careful and enter with small risks because the opportunity is high risk.