Hello traders! We talked about bullish DAX on December 18, 2025, and it's extending nicely higher within a projected wave (3) of an ongoing five-wave impulsive rally as anticipated.
Looking at the bigger picture, technical analysis suggests the market is entering a higher-degree wave five, which itself is expected to unfold in five smaller waves to the upside. This structure indicates that while some short-term retracements are possible, the overall trend remains bullish.
On the four-hour time frame, price action is currently progressing within subwave three of this larger wave five. This implies that additional upside is likely after minor corrections. Traders should watch the first support near the previous swing at 24,784. This level could act as a springboard for the market to resume its upward trajectory and extend gains towards 25500 - 26000 area.
DAX 4H Chart
In summary, the DAX appears well-positioned for further upside, with wave structure and key support levels suggesting that the bullish momentum from December may continue into the new year. Traders should remain alert to short-term retracements, but the broader technical picture favors additional gains in the coming weeks.
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