German DAX Analysis and Best Selling Zones

A new decline is expected with a strong selling opportunity on the DAX

 

The German DAX continues to move in a strong sideways trend.

The German index has managed to form

sell-providing zones that are currently considered the best on the daily timeframe.

These zones coincide with the LPSY levels 

for the current potential bearish movement.

 

Expected Targets


If the index rises to the new sell-providing zones

identified on the chart and formed near the 24094 level,

a decline is expected to occur to the targets shown at the 23700 and 23200 levels.

This analysis and the bearish prediction

 will be invalidated if the resistance levels are broken,

which is considered the main peak near the 24754 level.