Expected Scenarios for the German DAX Index
The German DAX Index is still moving in a strong uptrend.
The index has managed to break through the resistance areas at 26462,
which in turn have created new buying areas, indicating
a confirmation of the buyers' control so far.
Currently, the correction is in place, and we are expected
to see a rise from the new buying areas located at 24428,
which are considered good buying areas at the moment.
However, if the index breaks and closes below these areas,
the index may continue to decline,
reaching the next demand areas, which correspond
to the previous resistance areas of the consolidation movement,
which in turn are considered one of the best buying areas on the index.
These areas are located at 23910.
In the event of a decline to these areas, it is expected to return
to the uptrend and continue the upward movement.
