Best buying zones for the German DAX on the daily timeframe

The German DAX has started to rise after breaking out of its sideways movement.

This movement was essentially a consolidation phase, as we can see.

The German index has also managed to establish new, strong buying zones.

These are considered the best buying zones currently available on the daily timeframe.

The German DAX is expected to continue its upward trend in the long term.

Therefore, it is currently best to focus on buying during corrections.

Expected targets

If the index falls to the demand zones identified at the 24486 level,

it is expected to rise to targets at the 24700 and 25000 levels, respectively.

If the index breaks and closes below the initial demand zones, we may see a continuation of the decline

towards the next demand zones near the 23326 level. However, this possibility

is considered weak at the moment. The more likely scenario is a rise from the initial zones.

In any case, please pay attention to managing capital well and adhere to setting a stop loss.