DAX TECHNICAL UPDATE DAX is showing signs of bullish reversal after reacting strongly from a major demand/support zone (24,300–24,350). Price has broken the descending trendline, indicating a potential trend shift.
🔹 Market Structure:
• BOS (Break of Structure) on the upside
• Higher low formation confirms bullish intent
🔹 Technical Patterns:
• Trendline breakout
• FVG (Fair Value Gap) fill & reaction
• Fibonacci retracement holding above 0.618 support
• Strong bullish engulfing / impulsive candles from support
📈 Trade Setup:
• BUY STOP: 24,537
• TP1: 24,624
• TP2: 24,724
• SL: 24,409
➡️ Bias stays bullish above 24,500. Acceptance above breakout level can push price toward upper liquidity zones.
