DAX index Wave Analysis – 12 February 2025

– DAX index broke resistance level 22000.00

– Likely to rise to resistance level 22500.00

DAX index is under the bullish pressure afar the earlier breakout of the daily up channel from August and the resistance level 22000.00

The breakout of the resistance level 22000.00 greatly accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from November.

Given the clear daily uptrend and the accelerating upward channel inside which the price is moving now, DAX index can be expected to rise to the next resistance level 22500.00 (target price for the completion of the active impulse wave 3).

Source: https://fxpro.news